Doing Business in China

U.S. President Barack Obama's China visit make clean energy field cooperation to higher level

China and U.S. The two countries singed a joint statement on Tuesday, in which joint efforts to combat climate change and promote clean energy industry were highlighted.

Both China and the U.S. believed clean energy industry will provide vast opportunities for citizens in the years ahead, agreeing that "the transition to a green and low-carbon economy is essential."

Market analysts expected a fruitful result of the enhanced cooperation between the two countries, but also expressed expectation for a further and more active core-technology exchange.

Saying the U.S. "must have the courage and commitment to change," Obama mapped a "New Energy Policy" for his country at the beginning of the year, planning to invest 150 billion U.S. dollars in the next ten years to develop clean energy and research on core technology.

The move is expected to effectively reduce the U.S.'s reliance on tradition energy, such as oil, coal and gas, as well as creating about 5 million job positions, said analysts.

U.S. President Barack Obama's China visit make clean energy field cooperation to higher level