We have been covering China’s intensive and substanstial focus on Green Technology, Smart Grids and non-petroleum-based energy sources and supplies here at fund-balance.com since our launch in October 2008.
Now that a picture of national stimulus spending is emerging for 2010, its no surprise then to see that China will outpace the United States in this area, as detailed by Zprýme Research and Consulting. The report also notes that the U.K and France have roughly double the smart grid capacity as the U.S. and major U.S. industrial concerns such as IBM and Hewlett Packard are busy deploying these projects in China. Basically we can see that China has leapfrogged the west in the last two years. An example of what Thomas Friedman calls their “Green Leap” forward. –W.B.