A New Green Growth Wave Led by China?
China is shaping a new future by turning green. China’s plan for a sustainable future will have a big impact for the world economy. The West does not see the economic potential of either sustainability or China, let alone an answer to deal with it. China’s political and business leaders also have a clear idea about the role and place of China in the future world and its corresponding roadmap. Future China will have green as a major color. The aim of Green China is to become number one in technology and sustainability independent of the West. The plan will be put into action by pumping billions into the green business, tightening up the environmental regulation, and forcing mergers and acquisitions to create national champions. Other than normal business, green economy needs intervention of the government. And the West? The governments are mostly paper tigers with short- (election-) term targets rather than long-term economic strategy. In his State of the Union 2011, President Obama said that the USA needs a Sputnik moment. The President of the European Commission Barroso in his State of the Union 2011 said that significant growth is not an impossible dream. At the same time, many Western companies in the green sector have to fight for survival crisis after crisis.
KeywordsChinese Firm World Order Meso Level BRIC Country Harmonious Society
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