ABSTRACT
China’s RE development also combines ideas from ecological modernization theory (EMT) and strategic industry theory. This applies to both government policy and business practice. The landscape of China’s RE business across different industry value-chains is characterized by dynamic entrepreneurism, inter-sectoral connections, a dense mix of state-owned enterprises (SOEs) and private sector companies, intensifying competition and fast expanding production capacity. The relationship between government and business here is a complex and complicated one, yet this is to be expected in a large fastgrowing economy where the state is proactively supporting the development of dynamic industries such as wind and solar energy.
