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|China Profile 2010|
The bigger picture:The year of the world expo in Shanghai and the attention is more than ever focused on this incredible city. Expo officials expect 7 million foreign visitors and an estimated 300 000 daily visitors, numbers difficult to comprehend anywhere outside China. The Shanghai government has invested more than 300 billion USD in Shanghai infrastructure and city improvements once again drew real estate prices up 20-30% compared to the previous year. The threat of uncontrollable inflation has brought the government to put a lid on bank lending which leads to a credit contraction and a slowdown of inflated real estate prices. An unstable European economy and an uprising conflict between China and the US about regulations when Chinese companies invest and take over US companies can slow down China exports. The local growing inflation might be a threat if the Chinese government like in 2009 tries to handle the decrease in exports by releasing stimulating fiscal policies.
Kinakontakten development:Kinakontakten and Wuxi five star wind energy has opened a joint investment wind turbine testing center aiming at finishing the fist 1000W household wind turbines later this year. New EU regulations require power companies to buy back any excess energy produced by a private wind turbine making such a very attractive investment. Though we aim at a future complete production solution we will produce the first line of turbines on separate facilities. We have come to agreement with this region’s most sophisticated wind designer and a manufacturer of a special highly efficient turbine will meet our goal of making the smallest and most efficient 1000W wind turbine in the world.