We've written about how alternate energy's growth has been waxing and waning in China. Well, there's a recent story from BusinessWeek about China's economy, which has been growing (perhaps too) quickly, lately. This growth includes gains made in the power generation industry, which has seen its fastest rise in over five years. The only downside to all this growth is the threat of an economic bubble (which can see an ensuing burst), and inflation.
In related news, China's largest wind power producer, China Longyuan Power Group Corp., raised more than $2 billion in its initial public offering, yesterday. Wind power production companies have more than tripled in Hong Kong trading this year, and China expects more than twenty percent of its electrical power to be generated from wind by 2020.
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