China is beating the U.S. in the race to supply clean-energy technologies to the world, helped by a government bank whose advisers include Henry Kissinger.
China Development Bank Corp., which listed the former U.S. secretary of state as an advisory board member in a 2010 bond prospectus, agreed last year to lend 232 billion yuan ($35.4 billion) to Chinese wind and solar power companies. The U.S. gave about $4 billion to their American competitors in grants and offered about $16 billion of loan guarantees. Adding in private investment, China also led.
