China seems to able to build more of everything, from nuclear to renewable energy, due to its national efficiency standards.  There are more and more investments in the clean tech sector and China is said to have surpassed US in this field. It has rapidly become a leader in developing and commercializing  a wide range of low carbon technologies.

Almost 75% of worldwide cleantech IPO proceeds were Chinese. The monopoly on rare earth elements and raw materials for electric motors  and wind turbines a is also held by this ambitious Asian country. Research and development funds have been doubled. A motivational factor for the country’s development is the fact that China’s government is willing to support private companies, although it is obvious that they are in competition with its state-owned giant enterprises. This is because  they also generate returns on the state’s investments. Moreover, China’s central government provides assistance, such as easy access to credit or subsidies, to  private companies in important industries when they become large and if they follow the policies of Beijing.

China has attracted more clean-tech business investors than US and Europe combined and although the country has a problem with pollution, Silicon Valley investors are also taking more and more trips to China.

For the near future China plans to increase production of  electric vehicles in 2011,  solar panels and wind-power generators. There have also been significant invetments in technology used for reducing greenhouse-gas emissions. This investment in efficiency trend should become a model for other developed countries worldwide.