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China to invest $360 bln in renewable power in 2016-2020
January 5, 2017 / 2:27 AM / 9 months ago

China to invest $360 bln in renewable power in 2016-2020

BEIJING, Jan 5 (Reuters) - China will invest 2.5 trillion yuan ($360.93 billion) in renewable power generation between 2016 and 2020, the National Energy Administration (NEA) said on Thursday.

The investment will create over 13 million jobs in the sector, the NEA said in a blueprint document that lays out its plan to develop the nation’s energy sector in a five year period. ($1 = 6.9265 Chinese yuan renminbi) (Reporting by Meng Meng and Beijing Monitoring Desk; Editing by Michael Perry)

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