AVGO Information Technologies Ltd.

With our focus so firmly fixed on the tension between the U.S. accent on stimulus and the deficit preoccupations of Canada and Europe, the question of China’s place in the G20 has been pushed a bit to the side of this weekend’s summit.

China’s ambitious wind and solar plans represent a direct challenge to Europe’s claims of world leadership on cutting carbon emissions. China is planning a vast increase in its use of wind and solar power over the next ­decade and believes it can match Europe by 2020, producing a fifth of its energy needs from renewable sources.

The Economist Intelligence Unit has released its latest world innovation rankings, which show China climbing up the ranks faster than other countries. But while the emerging markets are moving up the pecking order, the developed world still hogs the top spots. Japan and Switzerland remain first and second respectively. The report includes innovation predictions for the next five years, and more gains for the emerging world are expected. China, India and South Africa will continue to rise. Even so, Japan, the US and European countries such as Switzerland, Finland, Germany and Sweden are expected to retain their top-ten rankings in 2013.

Pfizer Inc and PlaNet Finance announced that they will team up to conduct an in-depth research project on the healthcare needs of the working poor in China. The study will examine the availability and existing sources of medicines, patient purchasing patterns, and the level of access to medical services. The study ultimately aims to help both organizations identify models that may enhance and expand access to medicines and healthcare services for the working poor in China.