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China Surges Past U.S., Europe in Clean-Energy Asset Financing

China attracted more asset financing in clean-energy technology in the second quarter than Europe and the U.S. combined, Bloomberg New Energy Finance said.

Financing of wind turbines, solar panels and low-carbon technology in China climbed 72 percent to $11.5 billion compared with the year-earlier quarter, Bloomberg New Energy Finance said in an e-mailed statement. U.S. investments in clean energy rose to $4.9 billion while in Europe it fell to $4.5 billion.