The Chinese government has set an ambitious target of doing energy efficiency retrofitting on 150 million sq. m of residential buildings and 65 million sq. m of large-scale public buildings by 2010, and is providing subsidies of 45-55 Yuan per sq. metre to encourage the process in northern hearing area.
The uptake of this subsidy has been slower than hoped. Due to the lack of adequate financing mechanisms, local governments often still do not have the resources to implement retrofit projects on a large scale.