China has huge clean energy business opportunities for US
Updated: 2008-01-09 22:34
"We are looking for access to further investment from US companies to some projects on clean coal and energy efficiency," said Zhuang Huiyong, S&T Development Department Manager with the National Bio Energy Co.,Ltd.
Echoing Zhuang's remarks, Robert P. Thornton, President of the International District Energy Association, told Xinhua about his confidence in the Chinese renewable energy market, saying it has "great potential".
China, by 2020, plans to spend nearly 200 billion dollars to increase renewable energy use to 15 percent of total supply as well as reduce the energy that its buildings consume by 65 percent.
"The Chinese government highly emphasizes the cooperation on energy and environmental protection with the United States, and is sparing no effort to ease the Sino-US trade imbalance," said Wang Chao, Assistant Commerce Minister of China.
China issued its first-ever white paper on energy conditions and policies at the end of last year, which encourages international cooperation in renewable energy, hydrogen energy and nuclear energy for a future world energy supply system using resources that are clean, economical, safe and reliable.
"However, due to the US government's export controls, a huge trade deficit exists in high technology the United States is exporting to China," Wang said.
The Chinese trade official urged the US government to expand its high technology exports to China, which is in the interests of both countries and would help ease current trade frictions.
The United States sent its first Clean-Energy Technologies Trade Mission to China last April.
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