Health Care, Urban Real Estate and Renewable Energy Update

March 9, 2010

Rural citizens of China have been protesting the lack of quality health care outside the cities where eight hundred million Chinese live. This topic was also a subject for debate in China’s legislature, known as the National People’s Congress. (see Basic Health Care in China (

Another complaint China’s government wants to deal with is the shocking price increases to buy a home in one of China’s cities. Housing costs in seventy Chinese cities jumped 9.5% from a year earlier. The government wants to bring those prices down to make housing more affordable.

During the Copenhagen Climate Summit, China was criticized for not signing a pledge to reduce carbon emissions. China recently announced that it is planning to reduce its carbon footprint by 40-45% (from 2005 levels) and generate 15% of its electricity from renewable technologies by 2020. Over the next ten years, we should see these changes taking place. Since most of China’s leaders are engineers, they often set long-term goals.

Chinese Wind Farms

By comparison, President Obama said at Copenhagen that the United States intended to reduce its greenhouse gas emissions “in the range of” 17% by 2020.  Since the Chinese government doesn’t have to deal with American conservatives, who do not believe carbon emissions are causing global warming and block legislation and spew confusion at every chance, I’d place my bet on China achieving their goals first.