Renewable Energy: China targets for Sustainable Energy with the purpose of Environmental Safety

"China's 12th five-year plan (2012-2017) has a targeted annual GDP growth rate of 7% and the development of renewable energy with an investment of $640 billion to constitute 15% of China's energy needs by the year 2020, building housing for 36 million families and the promotion of social equity and rural development. China's overall prospects are explicated given specific caveat concerning China's distinctive pragmatic and cautious approach of implementing a market system along a political control by a one party system -- its longevity and stability will be subject to conjecture.

China's successful macroeconomic management during the 2007-2009 global great recessions was marked by a rapid recovery after exports dropped by 18% causing 21 million workers to be laid off, but 98% readily found jobs as the economy bounced back up and the unemployment rate dropped to 4% with a $586 billion stimulus package directed at creating employment.

Given China's performance, it is estimated that its per capita income will converge to that of the United States by 2040. Its GDP is already second to that of the United States. China envisages a population of 1.39 by 2020"

'via Blog this'Nake M. Kamrany: China's Growing Economic Strength in the 21st Century: