May 07th, 2010 | Caijing George Soros Aims Clean Energy Investment in China
George Soros says there are many investment opportunities in China as the country’s government has made climate issues part of its public policy, which is unlike other countries or regions in the world.
George Soros said yesterday he wants to invest in clean energy in China rather than other countries or regions, as the country’s government has made issues on climate change part of its public policy.
When addressing to students in Qinghua University, he said as an investor, he was optimistic about China’s clean energy market.
China’s carbon-trading market, for example, he said, is conducted by the government instead of market. It has already been part of the government’s public policy.
In other regions or countries, however, carbon efficiency has not been priced yet, he added.
But he remains cautious on the development of carbon-trading market. The complex market needs complex tools, which is similar to the mechanism of the financial crisis, he said, adding the priority of work to be done is to set prices for carbon efficiency.
But the pricing mechanism has not been fully functioned and risks are still remained, said Soros.
Concerning Chinese property market, he said speculative activities do exist, but it doesn’t mean the housing price is reaching the ceiling.
China needs more policies to pull off a “soft landing,” he added.