Between exchanging pleasantries and posing for photo ops, President Barack Obama and Chinese President Hu Jintao appear to be coming to some kind of understanding on clean energy cooperation. I'm not sure if President Obama is going to heed my advice to let China subsidize the solar industry, but China's borders do seem to be opening up for other U.S. technologies.
Deal making in Washington
The U.S.-China Clean Energy Research Center is moving forward with at least $150 million of private and public funds. The agreement defined participants including government agencies, academics, and businesses in the consortiums. To this Fool, the Center looks more like an olive branch than a silver bullet for clean technology, but I hope I'll be proven wrong.
China looks to be opening its borders to U.S. technology, and that could allow U.S. companies to export more products and create more joint ventures in Asia. The agreements may not represent a tectonic shift in our respective clean technology priorities, but slight improvements are better than any potential steps backward.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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