Chinese New Year: A green and growing economy

During 2009, China approved a ground breaking $586bn stimulus package with the intention of helping the country weather the global economic recession. In a clear sign of its avowed commitment to build a ‘harmonious society’ that balances the need to maintain economic growth while protecting the environment and society, the National Development Reform Commission earmarked $200bn to support development of ‘green’ industries including energy efficiency, low emission vehicles, rail transport, and updates to the electricity grid. Growth in these industries will be critical if China is to m...