Combined with its move two years ago to stop accepting the world’s plastic waste, China is pushing nations to deal with their plastics problems.
- With a half-billion dollar fund and more than a dozen investments, the U.S.-China Green Fund has quietly executed the first stage in its strategy for accelerating China’s transition to a low-carbon economy.
- CFPA Microfinance is a Chinese microfinance institution that was jointly launched by the World Bank and 19-year-old poverty alleviation organization China Foundation for Poverty Alleviation.
- Private investing in social impact is a concept that has so far been hard for many to grasp.
- Basic electric vehicles are popular in China’s rural areas, particularly for farmers transporting goods.
- Soak up the rain... China has been on a path to create about 30 “sponge cities” to absorb, store and purify rainwater to deal with both floods and water shortages.
- Ambitious plans... By 2030, China aims to have 80 percent of urban areas across the country behave like sponges.
- Real money... The cumulative investment in sponge city projects could reach 1.9 trillion yuan [$300 billion USD] by the end of 2020.
- Is this impact?… Lack of standardized credit scoring and reporting has limited access to credit and debt for low- and middle-income Chinese. Baidu is a part of the World Bank’s Universal Financial Access 2020 initiative.
- TPG in Asia… The deal is the Rise Fund’s first China-based investment and the first for Chang Sun, the former Warburg Pincus executive who joined TPG as managing partner in China last year.