Patricia Adams, an economist with Probe International, says China will not live up to global CO2 emission standards. Commodities host, Andrew Bell , for Business News Network (BNN), interviews Adams after the release of her new report, The Truth About China, today.
China’s increasing financial and economic assertiveness suggests its star is only set to rise on the world stage and that has prompted some major swagger on the part of its leaders. Swagger the nation’s long-term view doesn’t warrant. Commentary by John Robson.
Two of the most populous nations—China and India—are building hundreds of dams in a violently active geologic zone.
Driven by the need for clean energy in its war on pollution and further accelerated by worldwide global warming fears, China is set to resume plans for a nuclear renaissance that has many sounding an alarm over safety concerns.
Projects are strong enough to withstand a rare “thousand year” earthquake, say China Three Gorges Corporation officials: “no need to worry”. Experts beg to differ.
This Huffington Post blog, by Peter Neill, founder and director of the World Ocean Observatory, looks at the global love affair with big dams and the perils of forcing water to acquiesce to political ambitions and national pride, and the sometimes dangerous results of doing so.
Sri Lanka’s new government is reviewing all investment projects signed by the previous administration. Chinese companies, awarded the majority of those deals, are at the center of the storm. Sri Lanka’s new finance minister, Ravi Karunanayake, says Chinese firms “used the opportunity of a corrupt regime to crowd out other companies”. CNNMoney and Business Insider report.
Former IMF chief economist Kenneth Rogoff says “far too little attention has been devoted to understanding why multilateral development lending has so often failed”. In his experience, MDBs are most valuable as “knowledge” banks — sharing soft development infrastructure such as experience and best practices rather than financial muscle. The latter, he says, has led to their “greatest failures”.
Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.
China’s ban on virtual private networks (VPN) prompts this ChinaFile conversation between global experts on the potential outfall from Beijing’s latest pullback on citizens’ online access. According to award-winning journalist George Chen: “These days, the government is keen to regulate everything it hates and promote everything it likes with new legislation or renewed enforcement. That’s what the rule of law Chinese-style is all about.”
Much has been written about China in Africa — China’s #1 spot as Africa’s biggest trading partner, its massive investment in infrastructure development across the continent, its hands-off approach to domestic politics — but is talk of China’s domination in Africa overdone? The Economist reports.
This spotlight on mega-dams of note, profiled by International Rivers’ Peter Bosshard for The Guardian, lists more banes than boons with a quest Jawaharlal Nehru, India’s first prime minister, famously described as the “disease of gigantism.”
The World Bank bars China International Water and Electric Corporation (CWE), a wholly-owned subsidiary of China Three Gorges Corporation (CTG), from its projects for three years for misconduct in Africa and Southeast Asia. South China Morning Post reports.
(January 24, 2014) USAID may join forces with Chinese state companies to build a controversial and uneconomic dam in the Democratic Republic of Congo.
(December 2, 2012) Four workers are missing and presumed drowned after a Chinese dam project, in the throes of construction in western Cambodia, partially collapsed on Saturday.