Another Solar Year for China

The China Venture Capital Forum wrapped up over the weekend. One conclusion was that it was a solar year for China, and a dog year for Silicon Valley VCs. Of course, the “solar year” reference is to the successful IPO of Chinese solar company Suntech Power. 2006 is expected to be another solar year for China as clean technologies continue to attract high investment interest, although technically speaking it is a dog year (fire dog, according to the Chinese lunar calendar.)

Among its sustainable initiatives, China was giving green building construction a big push during the conference. Further encouraging foreign investment in eco-friendly building, China has just recognized Otis Elevator’s energy efficient Gen2 elevator as one of the Top 10 Architectural and Technology Achievements in China in 2005. The venture capital forum follows a large green building and energy-saving expo in Beijing where, not surprisingly, solar products were a big attraction.

China Venture News provides this update on the conference and China’s capital market reforms: Red Hot China Venture Capital Forum Strikes Reform Gong

And a clarion call for more sustainable investment in China: VCs Need to Examine China Sustainable Investment Opportunities

Lien: EcoLog :: Another Solar Year for China.