China’s Very Ambitious Transportation Revolution
OK, I get it – China wants to be less dependent of oil imports. Looking at Chinas strategic positioning, I don’t blame them. I would want that, if I was in their shoes. However, is this not a case of jumping from the frying pan into the fire? Their calculation is: we build the vehicles – thats work for our underemployed industries. We build an advance over the world which is good for exports. We use coal power in order to fuel them which makes us more self-reliant. But it all hinges on their economic success and thats a soupy picture at best. Capital flight from China is at unprecedented levels – those elites fleeing must know something and if the middle class crumbles, all grandiose schemes are just that – schemes.
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