Man up, an overview of China's Energy Industry:
To support its astounding economic development, China has been building up a massive power generation capacity at an accelerated pace. In a span of six years, China has more than doubled its capacity.
Currently, China’s installed capacity is about 65% that of the United States’ while its production volume is about 80% that of the United States. As China’s urbanization and industrialization continues, the nation is expected to overtake the United States to become the world largest electricity producer in 2010.
Since 2007, China’s coal market has been fully liberated and power producers are no longer entitled to preferential price treatment. According to the nation’s plans, by 2020, its nuclear capacity will reach 40 GW and its wind power capacity will reach 30 GW.If you really want to appreciate the economic scale of our biggest competitor in the 21st Century, and haven't the spare fen or jiao to spend a few weeks touring Shanghai, Beijing, et al, be sure to browse China Knowledge. What the Chinese have already accomplished since 1978 is nothing short of epical, while most Americans still don't have a clue of what we're up against.
The reform that started in late 1978 has turned China into the fastest growing major economy in the world.Time, perhaps, to sign up for that Mandarin class.
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