Premier says China to curb 'blind expansion' in wind and solar

China's leader was addressing the National People's Congress

China's leader was addressing the National People's Congress

Beijing will promote new energy sources but wants to control ‘blind expansion’ in the wind and solar industries, Chinese premier Wen Jiabao says in a speech today.

Opening the National People's Congress – the annual meeting of China's parliament – Wen says tackling the problems of “imbalanced, uncoordinated, and unsustainable development" is the government’s most urgent task.

Beijing cut the GDP growth target for 2012 to 7.5% – the first time it dropped below 8% in seven years – as China seeks to transform its economy away from low-value exports and towards more sustainable growth.

The Chinese premier says the government will promote strategic emerging industries, but emphasises that it will also “put an end to blind expansion in industries Log in to read complete article.

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