Hazel Henderson interviews Professor Zhouying Jin. She is the author of the book entitled "Global Technological Change.” They discuss financial reforms and the emerging energy needs of China. The effort to create a green economy in China is a struggle to balance rapid growth with environmental issues. They talk about why China has a long-standing policy of not supporting the Kyoto protocol to reduce greenhouse gas emissions.
In regards to the transformation of financial markets, Hazel asks Professor Zhouying Jin what she thinks about the influence of mass media and public reaction to the changes in terms of flash trading, companies that withdraw from the stock market, and other potential reforms.
Professor Zhouying Jin then gives an overview of the efforts China is making to transform to a green economy, which relate to the massive population, the agricultural needs, and the need for strong business ethics. She is hopeful changes occur within the next thirty years.
Professor Zhouying Jin also explains the central government created thirty-six strong new policies to enhance the transition to a green economy. This needs to be a government/private-sector combined effort in order to succeed. Administrative polices are changing with stronger reforms, but they need the contribution of efforts from the private sector.
China is investing heavily in green energy, especially solar panels and wind turbines. They are the largest manufacturer of these globally. They sell internationally in greater numbers and install in China at phenomenal rates. China does not support the Kyoto protocol because it seems unfair to them to limit China's growth when other nations are already well developed. They finish up with a discussion about China’s GDP, the Future China 500 companies, and the new economic model for China.
China's New Development: Ethical Markets 3
- Enhanced DVD
- ISBN: 978-1-62102-113-1
- Run Time: 29 Minutes
- Copyright Date: 2010