Jonas Nahm @jonasnahm.com · May 16 1/ Amid all the hype around China's 15th FYP, worth revisiting this CTVC piece to understand how clean tech financing actually works in China — and what it means for Western strategy. www.ctvc.co/an-insiders-...
9 likes 1 replies
?
Replies
2/ The basic architecture: central government grants reduce risk enough that local governments will put in equity. That equity reduces risk enough that state banks will lend cheaply. Cheap debt makes it safe enough for private investors to come in. Each layer enables the next.