Mark Schlarbaum Irvine California

China to invest $174 billion in hydro and wind

China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries.

NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for the wind industry.

(Reporting by Meng Meng and Michael Martina; Editing by Mark Potter)

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Mark Schlarbaum resides and works in Irvine, California.

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Mark Schlarbaum

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MARK SCHLARBAUM - Experienced in China - US business partnerships. Never giving up for those that never stop fighting! Help me join the fight against blood cancer and reach my fundraising goal! Visit My Fund Raising Page