Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

New energy initiatives just for show

By Lang Xianping (Global Times)

13:26, October 23, 2012

Following Beijing's repeated pledges to reduce greenhouse gas emissions, local governments have been quickening their steps to accelerate the development of new energy sectors, including wind and solar power.

Yet, most of the output from China's clean technology industries has done little to improve the lives of the Chinese people or benefit the domestic manufacturing sector.

For the most part, local governments are just putting up appearances and using Beijing's directives as cover to reap more subsidies from the government and tackle overcapacity.

Boosting the country's solar power capacity requires more production of solar panels, which will increase the demand for steel and glass and thus help manufacturers of these products burn through their growing stockpiles. Beijing's financial support of new energy product manufacturers has also sweetened the deal for local governments, many of which are more eager to snare central funding than actually put their new energy capacity into use.

News we recommend:
"Made in China":Charming the World "Made in China":A Boon for the Masses "Made in China":A Blessing for Businesses
"Made in China":The Bitter Blessing Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Navy seaplane in rescue training

  2. Border guards on patrol duty

  3. Indians dancing the night away

  4. Toys, gifts show held in Hong Kong

  5. Craftmanship of artisans in China's 'Porcelain Capital'

  6. China’s economic growth stabilized

  7. English-version of Peking Opera Classics

  8. Terrible! Japanese girl's body painting

Most Popular

Opinions

  1. Commentary: Income distribution reform
  2. China determined to be new kind of great power
  3. Evasions won't hide reality of Diaoyu theft
  4. U.S. presidential debate finale to draw attention
  5. Opportunities abound for China shale gas
  6. Canton Fair foretells grim trade outlook
  7. Officials cross line with sorghum plan
  8. Investment not enough for banks
  9. Turkey makes case for buffer zone in Syria
  10. China dominate second US presidential debate

What’s happening in China

Man catnaps stray moggie suspected of pigeon murder

  1. Short-term service helps ease burdens
  2. Official criticized for appearing on dating show
  3. Mo Yan's hometown to hail Nobel success
  4. 3,578 CPC officials busted for taking bribes
  5. China bans profiteering from religious activity