China Losing Interest in Solar Energy

You gotta admire the Chinese for looking at the bottom line. When our government spent like a drunken sailor on our so-called stimulus, China invested their stimulus on badly needed infrastructure. Likewise, to most western governments, green technology is always the answer, no matter what the cost - and Obama tends to agree with this. China thinks differently.

Concerned by the high cost of solar -- which can be four times more expensive than fossil fuels -- and fears that solar power won't deliver on some of the anticipated goals, the Chinese government is not about to subsidize solar power on a national level, Shi Lishan, deputy director in China's energy bureau, said in an interview with Guangzhou's 21st Century CBH.com earlier this month.

I wish Obama were as financially astute as the Chinese government.