China's Transportation Sector Set to go Greener

          The government of China has announced plans to invest trillions of dollars in order to make its transportation sector more green. China used to be called by some as a "Kingdom of Bicycles", but by the end of 2009 China had around 170 million vehicles on the road and projections will increase that number by 220 million between now and 2020. The number of vehicles in China increased by 14.5 percent annually between 2000 and 2009. Even though green investment is relatively new to China, the alternative-fuel vehicle industry, inter-city high speed rail, and urban rail development have seen many improvements during the course of the last few years and is expected to see even more development during the this decade. An example of green investment is the 1.3 billion that the Chinese electric car industry received in 2010 alone.

         Millions of jobs are expected to be created due to the plans to grow the green industry in China. The high-speed rail industry is expected to double by 2020, creating around 630,000 jobs per year. 153 billion is planned to be doled out by China to the urban rail centers. This will create an additional 420,000 jobs annually. Domestic production of hybrid vehicles could reach 16.6 million, creating an astonishing 1.2 million jobs per year. These numbers suggest that going green can be a powerful economic driver, and other countries would be wise to take note of China's prosperous green industry.

Article: http://www.greenconduct.com/articles/2011/04/01/greening-china%E2%80%99s-transportation-sector-can-create-millions-of-jobs/