Antinuclear

Australian renewable energy companies urged to invest in China

China shifts focus to green industry BY: ROWAN CALLICK, ASIA-PACIFIC EDITOR   The Australian January 02, 2012 CHINA is opening new areas of its economy to foreign investors and putting more emphasis on emerging sectors such as green energy, while downgrading support for traditional industries such as the automotive industry……

These key central government agencies say China wishes to encourage investment in strategic emerging industries. They include energy saving and environmentally friendly technologies, new-generation information technology, biotechnology,
high-end equipment manufacturing, alternative energy, advanced materials, recycling and alternative-fuel cars…..

Frank Tudor, national president of the Australia China Business Council, told The Australian the easing of controls on foreign investment was welcome news. “Australian companies operating in the areas of renewable energy and sustainable development should be assessing opportunities in this space,” he said….
http://www.theaustralian.com.au/business/world/china-shifts-focus-to-green-industry/story-e6frg90o-1226234392377

January 2, 2012 - Posted by Christina Macpherson | General News