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China to Spend 2.65 TRILLION by 2020

|Includes: AMSC, A-Power Energy Generation Systems Ltd. (APWR), GE

some here dont get why I am so high on China and green energy.......this tells all

$2.65 Trillion to Build Unified Grid, Infrastructure; Expand Natural Gas,
Renewable Energy, Hydroelectric, Nuclear


MIAMI BEACH, Fla.--(Business Wire)--
During his keynote presentation at the Energy Track at the 3rd Annual ROTH
Capital Partners China Investment Conference, Louis Schwartz highlighted China`s
plans to invest an estimated $2.65 trillion in energy infrastructure, production
and distribution by 2020, fueling growth that will see China overtake the United
States in annual gross domestic product (OTC:GDP) before 2030.

Schwartz, president of China Strategies, LLC, told a standing-room-only audience
at The Fontainebleau Miami Beach yesterday that investing in energy
infrastructure is essential to China`s continued economic growth. Key highlights
from the presentation included:

Of the $2.65 trillion to be invested in energy, at least $263 billion is
targeted for renewable energy, which will grow from 10 percent to 30 percent of
total energy output in China from 2010 to 2020. The mix includes hydroelectric,
wind, nuclear and solar.

"The investments in energy infrastructure will enable China to surpass the U.S.
in GDP before 2030," Schwartz said. "The forces driving China's energy industry
in new directions include government investment in energy generation and
distribution, an emerging model for sustainable development in China and
opportunities for foreign investment in the transformation of China's energy
infrastructure."

Estimates show China GDP growing from $5 trillion in 2010 to $26 trillion by
2030, while the U.S. goes from $15 trillion to $23 trillion.

Schwartz said China has other reasons for investing in renewable energy. With
growing prosperity in the country, automobile ownership will go from 50 million
to 220 million by 2020. As a result, China will need 600 million metric tons of
crude oil by 2020, but production will have hit a plateau at 220 million metric
tons that year. The transportation sector`s share of crude oil production is
projected to increase from 35 percent in 2008 to 50 percent in 2020.

China has already ramped up the production of electric scooters and bicycles,
with just 200,000 in 2001 and an estimated 22 million on the road in 2009. It is
launching mandatory conservation programs for residential and commercial
buildings and finding other ways to manage energy production, distribution and
usage. It is providing subsidies for installing solar on roofs, buying electric
vehicles and installing wind farms and biomass facilities.

"The bottom line is that energy investments in China could be a bigger economic
driver than the rise of the Internet," said Schwartz, whose firm consults with
its clients on policy, investments and business development in the Chinese
energy market.