State Aid in China
Nice details on how China helps targeted conpanies.
China Takes Lead in Clean Energy, With Aggressive State Aid - NY Times
Key Points:
China Takes Lead in Clean Energy, With Aggressive State Aid - NY Times
Key Points:
- Land provided at severely discounted rates (90% or even free) to select companies in China.
- The land can then be used at full face value for loans.
- Discounted loans
- Chinese intervention on currency markets to keep the Yuan low.
- Limits on exports of rare earths used in clean energy technology (DC Motors).
- Many countries are subsidizing China's exports with green energy requirements.
- Solar prices have fallen 50% in the last two years.
- China will make 50% of all Wind Turbines this year.
- China will make 50% of all Solar Cells this year.
- Expedited permit approval process in China (3 months vs. years in the US).
I found it interesting that it was easier for a US clean energy company to get financing in China than in the US.
Labels: made in china
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