The challenge of China's green technology policy

I would like to close with an observation that I gained from watching World Cup soccer over the past few weeks. In particular, I was struck by the recurring juxtaposition of two advertising billboards in the background of the soccer pitch, one in red by an American company—McDonald's, the other in blue by a Chinese company—Yingli Solar. I thought to myself, this is the World Cup, the world's biggest sporting stage, and China is proudly showcasing the future of its economy with a...