Silicon Valley venture capitalists look for clean slate in China

"Silicon Valley venture capitalists have started to take a greater interest in clean technology investments in China.
"Ten years ago, I would have said no to doing deals in China," said John Rockwell of Draper Fisher Jurvetson. "There were too many political risks and too many business risks. But China is developing rapidly now."
Rockwell, a managing director of DFJ Element, the clean technology affiliate of the Menlo Park company, has made two investments in Chinese clean tech companies and is hoping to close another China deal soon.
The statistics show that environmental technology is indeed among of the fast-growing segments for venture capitalists that operate in China. Clean tech investments in China increased 147 percent from 2005 to 2006, from $170 million to $420 million, according to a recent report by the Cleantech Group, a research and investment institution with offices in San Francisco, Beijing, London, Toronto and Ann Arbor, Mich. "