When It Comes to Innovation

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    "When it comes to innovation, Americans don't take a back seat to anyone -- and we certainly won't start now," said

    Secretary Chu at the event. "From wind power to nuclear reactors to high-speed rail, China and other countries are

    moving aggressively to capture the lead. Given that challenge, and given the enormous economic opportunities in

    clean energy, it's time for America to do what we do best: innovate."

    Read more: http://www.greenbiz.com/blog/2010/12/07/7-technologies-where-china-has-us-beat#ixzz1G7FYyuEh

    Chu highlighted several crucial technologies -- mostly in the areas of power generation and transportation -- whereChina is already outpacing U.S. efforts, adding the U.S. must innovate or risk falling far behind. The following is fromthe DOE: High Voltage Transmission. China has deployed the world's first Ultra High Voltage AC and DC lines -- includingone capable of delivering 6.4 gigawatts to Shanghai from a hydroelectric plant nearly 1300 miles away insouthwestern China. These lines are more efficient and carry much more power over longer distances than those inthe United States. High-Speed Rail. In the span of six years, China has gone from importing this technology to exporting it, with theworld's fastest train and the world's largest high-speed rail network, which will become larger than the rest of theworld combined by the end of the decade. Some short distance plane routes have already been cancelled, and traintravel from Beijing to Shanghai (roughly equivalent to New York to Chicago) has been cut from 11 hours to 4 hours. Advanced Coal Technologies. China is rapidly deploying supercritical and ultra-supercritical coal combustionplants, which have fewer emissions and are more efficient than conventional coal plants because they burn coal atmuch higher temperatures and pressures. Last month, Secretary Chu toured an ultra-supercritical plant in Shanghaiwhich claims to be 45 to 48 percent efficient. The most efficient U.S. plants are about 40 percent efficient. China is

    also moving quickly to design and deploy technologies for Integrated Gasification Combined Cycle (IGCC) plants aswell as Carbon Capture and Storage (CCS). Nuclear Power. China has more than 30 nuclear power plants under construction, more than any other country inthe world, and is actively researching fourth generation nuclear power technologies. Alternative Energy Vehicles. China has developed a draft plan to invest $17 billion in central government funds infuel economy, hybrids, plug-in hybrids, electric and fuel cell vehicles, with the goal of producing 5 million new energyvehicles and 15 million fuel-efficient conventional vehicles by 2020. Renewable Energy. China is installing wind power at a faster rate than any nation in the world, and manufactures40 percent of the world's solar photovoltaic (PV) systems. It is home to three of the world's top ten wind turbinemanufacturers and five of the top ten silicon-based PV manufacturers in the world. Supercomputing. Last month, the Tianhe-1A, developed by China's National University of Defense Technology,became the world's fastest supercomputer. While the United States -- and the Department of Energy in particular --still has unrivalled expertise in the useful application of high performance computers to advance scientific researchand develop technology, America must continue to improve the speed and capacity of our advanced supercomputers.

    Read more: http://www.greenbiz.com/blog/2010/12/07/7-technologies-where-china-has-us-beat#ixzz1G7FvQIlE

    Chinese are concerned with being in a business relationship that is based on mutual

    respect, realism, and flexibility, and that can evolve over time.

    CAPITALISM, GLOBALIZATION, INTERVIEWS by DREA on AUGUST 21, 2008

    Wen Jiabao

    From Wikipedia, the free encyclopedia

    This is a Chinese name; the family name isWen.

    Wen Jiabao (pinyin: Wn Jibo; Wade-Giles: Wen Chia-pao; IPA: >ZQWMS@; born 15 September 1942)

    is the sixth and currentPremierand Party secretary of the State Council of the People's Republic of China,

    serving as China's head of government and leading itscabinet. In his capacity as Premier, Wen is regarded as

    the leading figure behind China's economic policy. He also holds membership in the Politburo Standing

    Committee of the Communist Party of China, the country's de facto top power organ, where he is ranked third

    out of nine members.

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    Wen has a professional background in geology and engineering. He holds a postgraduate degree from

    the Beijing Institute of Geology, where he graduated in 1968. He was subsequently sent to Gansu province for

    geological work, and remained in China's hinterland regions during his climb up the bureaucratic ladder. He

    was transferred to Beijing to work as the head of the Party General Office between 1986 and 1993, and

    accompanied General Secretary Zhao Ziyang to Tiananmen Square during the 1989 Tiananmen Square

    Protests. In 1998, he was promoted to the post ofVice PremierunderZhu Rongji, his mentor, and oversaw the

    broad portfolios of agriculture and finance.

    Since taking office as Premier in 2003, Wen, along with President Hu Jintao, has been a key part of the fourth

    generation of leadership in the Communist Party of China. Soft-spoken and known for his strong work ethic,

    Wen has been one of the most visible members of the incumbent Chinese administration, and has been

    dubbed "the people's premier" by both domestic and foreign media.[1]

    Described as having a commoner background and a populist approach to policy, Wen's domestic agenda

    marked a considerable shift from the previous administration. Instead of concentrating on GDP growth in large

    cities and rich coastal areas, Wen advocated for a more balanced approach in developing China's hinterland

    regions, and advancing policies considered more favourable towards farmers and migrant workers.

    Internationally, Wen played a key role in China's response to the global financial crisis and subsequent stimulus

    program.