07. May 2011
We all know by now that China a contender among developing nations like India and Brazil, that is possibly going to be a global superpower like the USA. China has invested heavily US government debt in return for bonds and treasury bills that amount to hundreds of billion dollars. But the country is facing a small setback due to the bear market in the construction and infra-structure segment which was partly caused by the fluctuations in steel prices. But China apparently understands the importance of eco friendly energy, also known as green energy, and thus they have made an announcement to double their steel output for at least the next decade.
The shanghai securities news said in a statement that China currently underestimated the importance of solar power and only have around two gigawatts of energy installed. But after the earthquake that hit Japan caused a nuclear fallout that devastated the country, China has decided to concentrate less on atomic energy and more on solar energy. So based on that China plans to increase their solar output to 50 gigawatts by the year 2020. China has been criticized by many nations for being the worlds largest polluter and greenhouse gas emitter, so this criticism has come of as a wake up call to the Chinese. They came into a moment of epiphany and started constructing the prototypes right away. The concerned Chinese officials refused to comment further.
This can be a very good investment opportunity for all the Chinese and non-Chinese people out there. It is obvious that there is no such thing as a sure investment as any investment, no matter how lucrative or safe, will never have a guarantee as there is always a chance that somebody will lose some amount of money. This is a sign that shows that the country is finally bouncing back from its setbacks which is a good sign for all those people who have invested in Chinese currency or bonds.