China’s new plan for renewable energy development is finalized and waiting for government approval, according to the State Administration of Energy (SAE). The new energy blueprint calls for total investment in renewable energy projects of more than 2 trillion yuan ($293.3 billion). Priority will be given to wind and solar power industries which will receive 1 trillion yuan ($146.6 billion) and 300 billion yuan ($44 billion yuan) in investment, respectively. The center of China’s wind power generation will be in central China, with major wind power producers such as Hebei, Gansu, Jiangsu and Jilin provinces.
China’s largest trade fair, known as the Canton Fair, ended Thursday with negative results. Export orders were down 17 percent from last year’s fair in October, with total export agreements about $26 billion. While some of the exhibitors were positive about business at the first fair this year, the overall result caused wide spread concerns about following quarters. Traditionally, the Canton Fair serves as a barometer for China’s import and export situation. With this fair’s bleak results, signs of trouble ahead are ubiquitous.
