The Economist (Mar 6th 2013, 18:13 by V.V.V. | SHANGHAI) – A CASUAL glance at the business headlines might suggest that China’s renewable-energy industry is an unstoppable juggernaut. Over the past decade, Chinese firms have used supportive government policies and lavish subsidies to leapfrog to the top of the world’s wind and solar industries. This has prompted political backlashes overseas—especially in America, where Chinese exporters have faced anti-dumping duties and worse.
So China must hold a massively large trade surplus in clean energy with America, right? Quite the opposite, finds a striking report titled “Advantage America” released on March 6th. The two countries traded about $6.5 billion in solar, wind and smart-grid technology and services in 2011—and America sold $1.63 billion more of such kit to China than it imported from there.
Click here to read the full article from The Economist.
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