Solar energy opportunity in China
After delivering this specific presentation, I choose few slides to upload… …
After delivering this specific presentation, I choose few slides to upload… …
US President Obama and China President Hu signed a joint-statement on a varity of economic, social and political issues yesterday as the result of Obama’s visit. The bright spot is the part about the renewable energy and climate changing. The popular US leader declared that “As the two largest consumers and producers of energy, there can be no solution to this challenge without the efforts of both China and the United States”
The joint press release detailed the outcomes of the talks as following:
(1) Copenhagen Should Not Be a Wasted Opportunity. Dedicated to working together against climate change, the two parties believe that “an agreed outcome at Copenhagen should, based on the principle of common but differentiated responsibilities and respective capabilities, include emission reduction targets of developed countries and nationally appropriate mitigation actions of developing countries.”
(2) Scaling Renewable Energy is a Priority. The newly-adopted “U.S.-China Energy Effiiciency Action Plan” will help the two countries “work together to achieve cost-effective energy efficiency improvements in industry, buildings and consumer products through technical cooperation, demonstration and policy exchanges…the two Presidents underscored the enormous opportunities to create jobs and enhance economic growth through energy savings.” In addition, the countries launched the U.S. China Renewable Energy Partnership, with the goal of achieving rapid and wide-scale deployment of renewable energy technologies and a modern electric power grid through design and policy cooperation.
(3) Creation of a U.S.-China Clean Energy Research Center. Coming in at a cost of $150 million over five years, the two countries will evenly split the cost and construct one Center in each country. With the hopes of encouraging joint research and development on clean energy technologies, the Center’s priority areas of focus will be energy efficiency in buildings, clean coal, and clean (electric and other fuel) vehicles.
(a) Energy Efficiency. With the speed in which Chinese cities are growing, and that fact that U.S. buildings account for 40% of energy use, it is imperative that building construction and remodeling in both countries be done with energy efficiency as a top priority.
(b) Clean Coal. The U.S. and China have a heavy interest in improving coal efficiency as both nations rely on coal as the biggest source for electric base-load power. The two countries “agreed to promote cooperation on large-scale carbon capture and sequestration (CCS) demonstration projects and to begin work immediately on the development, deployment, diffusion, and transfer of CCS technology. The two sides welcomed recent agreements between Chinese and U.S. companies, universities, and research institutions to cooperate on CCS and more efficient coal technologies.
(c) Launch of a U.S.-China Electric Vehicles Initiative. And with a rising car culture in China and a need to revamp automobile infrastructure in the U.S., both countries have a concrete interest in developing a clean vehicle industry. With the goal of bringing millions of electric vehicles to both countries, the program calls for “joint demonstration projects in more than a dozen cities, along with work to develop common technical standards to facilitate rapid scale-up of the industry.”
Getsolar.com
Fan Gang, China Central Bank Adviser, heads the National Institute of Economic Research, he said at a business conference in Hong Kong : China is among the emerging markets facing risks of property and commodity market bubbles, a “double-digit” economic growth rate would not be good for China.
Few days ago, the local office newspaper reported “Chiense gross domestic product (GDP) may be able to climb 8-9% next year”, that probably a indicator of next financial crisis in Asia in the wake of liguidity injection by the world’s central banks. In the past year, China’s government created $1.3 trillion credit boom, directly helping growth accelerate while at the same time Shanghai Composite Index of stocks climb rapidly, nearly doubled than the lowest point in last year.
Mr. Fan thinks China must continue its stimulus measures to sustain growth in coming year even as he rejected the prospect of double-dip slowdown in the expansion. The US may see a renewed slump.
China should maintain a “moderately loose” monetary policy in 2010 as currently government stimulus effect and private investment are still weak.
There are not so many venture capital firms on the online social network, in fact, many of them do not like to be found by “normal public” so easily. I prefer to believe “they d like to keep mystery to allure more people”. However, the good trend is everyday a few more seem to show up in the web2 social network, i.e. twitter.
Want to know what VCs are doing and what kind of projects they may choose? Wish to propose your new business plan to these censorious investors? – by digesting their writings, tweets and ramblings, you can understand how these guys think and then you can improve your odds of success during a pitch meeting.
The very original list is based on Larry Rubin and added to by Jasmine Antonick– full credit where credit is due. I once made a similar list before, now I will make this latest list, you can mass follow them in one click.
China Unicom launched Iphone last Friday and expects the first official sales can lift its financial statement.
The China’s 2nd largest telecom company started selling 3G service in most of Chinese cities, in order to fight with its rival China Mobile. By the end of the 3rd quarter, China Union has only 140 million users, while China Mobile service more than 3 times subscribers. According to its Q3 financial report released late Friday, its net profit hit 3.1 billion Yuan. Xiaobing Chang, CEO of company obviously “is feeling a great peer pressure and attempting to win the next round in the next generation of mobile service.”
The bad news for Unicom is most Apple fans prefer to buy the latest phones via many unofficial ways at the same time as US IPhone parterres start to sell in America. Customers doubt how a IPhone without a key feature can be sold at higher prices than widely available black market models in the world’s most populous mobile phone market