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China’s cleantech creating ‘new global energy system’ as exports soar: report

China’s clean technology is “becoming the basis of the new energy system” around the world, with the country’s monthly green tech exports hitting a record US$20 billion in August, a European think tank said.
As China brings down the prices of technologies like batteries and photovoltaic solar panels, sales are surging in countries across Southeast Asia, Latin America and Africa, according to a report by the UK-based think tank Ember.
“Demand for clean technologies continues to skyrocket as more…

China needs to chart a new course to become world’s largest importer

In 2009, China surpassed Germany to become the world’s largest exporter of goods, a position it has maintained for the past 16 years. This export dominance has been instrumental in propelling China’s economy forward, enabling it to overtake Japan in 2010 as the second-largest economy in nominal GDP, trailing only the United States.
By 2013, China had also eclipsed the US as the world’s largest trading nation in goods, measured by the combined value of imports and exports. These milestones…
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