Pakistan, May 24 -- After attaining remarkable growth through economic liberalization, the Chinese authorities have decided to change their development model to ensure sustainable development. The 'world factory' image served China well for nearly two decades. 'Made in China' became the fastest growing brand and exports grew exponentially. However, top Chinese decision makers were quick to realise that this was not going to be enough to ensure sustainable development.
The current regime has come up with a new plan to sustain China's economic growth and assure access to energy resources. Given its vast industrial base, availability of competitively priced energy is crucial for sustainable development. The new plan envisages a matrix of regi...