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...national-level wind-base projects in Gansu, Hebei and Inner Mongolia. While the Chinese manufacturers are able to sell turbines cheaper than foreign firms, Soares argues they can't match foreign-made equipment in terms of reliability and overall track record. "The Chinese government has decided that they want to develop wind bases, that they want to promote a local industry and that they want to have local suppliers working in those big wind bases," he says. "Then the Chinese government says the foreign companies are so much more expensive than the local companies. If the turbine price...
...Soares points out that Suzlon has built a factory in Tianjin with more than 900 employees to satisfy Chinese requirements for 70% local parts content in turbines. "They want to promote local industry. But then the question is, What is local?" says Soares. "More than 95% of my employees are Chinese. I'm an investor here, a producer here and pay taxes here. So why is there this difference?" Adding insult to injury, Chinese firms are proving to be tough competitors in markets outside China's borders. In Germany, where government subsidies helped stimulate global solar-panel production, an industry...
Like a holiday gift from an outlaw uncle or a grenade dropped into a mantelpiece stocking, Bob Dylan's Christmas in the Heart arrives to challenge pop-music purists and Dylan's rep as a perennial pioneer. Some listeners will want to pat the singer on the back--hard, so he can cough up whatever it is that makes him sound like a tubercular hobo who's wandered into a karaoke bar at Yuletide. Others will wonder what statement Dylan, a Jew who for a while declared himself a born-again Christian, is making with a 15-song...
...heard it said that Detroit cannot continue to pay for services because the residents are so spread out now. Wouldn't it be possible to take vacant properties and sell them to people who want to rebuild the city...
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