The Chinese economy is looking increasingly mighty these days. With most of the world still reeling from the global financial crisis, China shows no signs of slowing down. And, despite charges of obstructionism at last year’s Copenhagen climate summit, the People’s Republic is steadily taking the lead in cleantech and the green economy as well.
China is now the leading manufacturer of solar panels in the world, and last year became the world’s largest producer of wind turbines as well. According to one recent report, China is now poised to surpass the West in virtually all areas of clean energy, includingtransportation technologies, advanced batteries, solar water heaters and even next generation nuclear and “clean coal” technologies.
China’s pull is so strong these days that it has even begun attracting cutting edge firms away from places like Silicon Valley. And its geopolitical aspirations are equally ambitious. This month a plan for atranscontinental high-speed railway, from Beijing to London, was revealed. It no longer seems improbable that, as a 26-year-old Chinese engineer told a New York Times reporter recently, “China will lead everything.”
Charlie Munger: "BYD is ideally located to make an enormous contribution to human civilization. "
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