China’s Plans for Alternative Energy Vehicle Development: Adam Roseman Reports

In: Adam Roseman|ARC China

30 Sep 2010

According to ARC China and Adam Roseman, China has recently outlined seven emerging industries where they plan to focus their energy, time and money.  The central government in China would make an injection of RMB10 billion into an investment fund to help with these emerging industries and local governments would then invest an additional RMB10 billion.  The balance that is necessary would be raised through 200 special industrial funds.

One emerging industry that was added to the State Council’s original plan is for alternative energy vehicle development.  Within the next 10 years Chinese officials hope to become the world’s largest market of renewable energy vehicles.  They hope to have over 5 million vehicles powered by alternative energy at that time.

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Stay up to date on the economic news from China. Gain insight from leading investors in the Chinese market, like Adam Roseman of ARC Investment Partners. Follow the economic trends and changes occurring in the global marketplace, as they relate to changes taking place in China.