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Greed is the enemy for foreign companies seeking to cash-in on the China market. Identifying and investing in a great partner and a highly capable and relevant local team, and being willing to win a smaller slice in a bigger pie is the key to success. There are too many examples of companies failing when trying to go it alone, and as the expression attributed to Einstein goes: "Insanity: doing the same thing over and over again and expecting different results."
China has witnessed major policy developments related to climate change and clean energy. The U.S.-China Climate Agreement, Chinese President Xi Jinping’s announcement of a cap-and-trade system and a leaner and greener five-year plan have created a new model of economic development, which could not only curb energy usage, but also provide opportunities for cleantech entrepreneurs.
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