June 1, 2012
Imp-Exp Executive Magazine
Authored by Esther H. Lim
Global demands for energy supply, increased environmental awareness, and rising costs of traditional energy sources have fueled recent growth in the alternative-energy industry. China stands as an emerging leader in the world's alternative-energy market, with notable success in solar photovoltaic and wind-turbine technologies. To ensure continuing and sustainable national growth, the Chinese government has approved many incentive programs to promote further expansion of its alternative-energy industry. The 12th Five-Year Plan outlines the government's objectives to cut carbon emission, cut energy consumption, and meet primary energy requirements from nonfossil sources by 2015.
Chinese companies have witnessed market expansion driven by domestic implementations and foreign exports. Many solar-photovoltaic products manufactured in China are exported to the United States and Europe. Wind-turbine products are installed domestically and exported worldwide. This article will address patent considerations and associated business implications for the developing alternative-energy industry to ensure continued exports abroad.
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