The US considers anything to do with the environment as a cost to them whereas China considers it as a profit. That is how EV buses are dominated by Chinese companies.
The US thinks in term of congressional elections Seasons. China thinks in 15 year time frames sub divided into 5 year plans. Chinese think long term.
The US can’t get their act together with only 17% of government spending in infrastructure. The Chinese have to focus on services and infrastructure which spend 45% of government spending.
Environment spending are predominantly spent by Pte enterprises whereas Chinese SOE have to compete against one another to make sure they innovate applications on technology for eg MABR by iTest to meet Govt directives.
On balance, the action for MABR will be from China.
The US considers anything to do with the environment as a cost...
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