China has an energy problem. We read about it everywhere, especially during this extremely hot summer season. Factories are again facing forced shutdowns, several days per week. Typical media coverage features long-winded treatises on China's power grid, its lack of interconnection, regulatory changes and Beijing policy-making. These are in addition to frequent mentions about the benefits of free-markets versus planned economies, as exemplified by experience in the United States (power shortages) or Northern Europe (confusion, pollution and price increases with more to come). Nice copy, although totally irrelevant to the real question at hand: what can we do about it?

Read more, please click:
/sites/default/files/oldsitefile/en/wp-content/uploads/pdf/2008/09/news_released_on_bizchinaupdate.pdf