China continues to lead the world in wind turbine installations and electricity generated. There goal is to have 15% of electricity generated by wind by 2020, a nearly 4 fold increase over 2016.
China has also identified wind power as a key growth component of the country's economy.
http://newenergyupdate.com/wind-energy-update/china-fund-boost-wind-turbine-trade-exports-grow"Because Chinese wind manufacturers are now capable of producing 40 GW worth of turbines annually, while the Chinese government’s target is to install just 20 GW of new capacity per year between 2015 and 2020, they are aggressively growing their export markets to meet the rapidly growing world demand for wind turbines.
Because of this, Asian installed wind power capacity rose to 142GW at the end of 2014, surpassing Europe where capacity totalled 134GW, according to a report by the Global Wind Energy Council (GWEC). Asia will continue to lead the growth in wind power, providing 40-45% of the annual global going forward, GWEC said.
GWEC is expecting an additional 140 GW to be installed in Asia between 2014 and the end of 2019, a doubling of the existing installed capacity.
China wind turbine companies see greater growth opportunities outside of China based on recent export figures, according to a report from CCM. A diverse group of countries are buying Chinese-made turbines. The top ten buyers include large economies such as the US, Australia, and Italy, but also Panama, Romania, and Ethiopia, according to CCM.
Exports accounted for just 4.3% of Chinese turbine manufacturers’ total sales volume in 2013, but this figure is rising rapidly and this will increase competition in the international wind market. Chinese exports more than tripled between 2011 and 2013, whereas domestic demand fell slightly during that period, the report said."
