China Beats U.S. on Smart-Grid Spending for First Time
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China spent more on smart grids than the U.S. for the first time in 2013, with the $4.3 billion it invested accounting for almost a third of the world’s total.
Global spending rose almost 5 percent to $14.9 billion, according to data released yesterday by Bloomberg New Energy Finance. North American investment declined as much as 33 percent to $3.6 billion.