China Edge in Renewable and Nuclear Power
* China’s biggest advantage might be its domestic demand for electricity, which is rising 15 percent a year. To meet demand in the coming decade, according to statistics from the International Energy Agency, China will need to add nearly nine times as much electricity generation capacity as the United States will. As a result, Chinese producers of generating equipment enjoy enormous efficiencies from large-scale production
* In China, power companies have to buy new equipment anyway, and alternative energy, particularly wind and nuclear, is increasingly priced competitively. Interest rates as low as 2 percent on bank loans — the result of a savings rate of 40 percent and a government policy of steering loans to renewable energy
* China’s low labor costs are an advantage in energy. Although…
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