China is planning on putting more money into the environment than America puts into it’s military!?
“China has vowed to raise the total output of environmental protection industries to 4.5 trillion yuan (US$730 billion) by 2015, an average annual increase of 15%. To put that in some sort of perspective, that is equivalent to nearly 9% of China’s GDP in 2012. It is equivalent to nearly 50% of Australia’s GDP in 2012.”
“For the 2011 fiscal year, the president’s base budget of the Department of spending on “overseas contingency operations” brings the sum to $664.84 billion”