China is trying to increase its use of alternative sources of energy. To that end, the country has installed billions of dollars worth of wind turbines. In fact, in 2010, China surpassed the United States as the country with the most wind turbines installed.In the midst of China's mad rush to build infrastructure, the weakness of its command economy is exposed. Despite its impressive GDP numbers, China is a poor nation filling itself with ghost cities, ghost highways and railways, ghost infrastructure of every kind -- much of which is destined to crumble and fall prematurely due to rushed, shoddy construction.
But despite China's recent upsurge in wind farms, Ma says, there's an infrastructure problem that hasn't been widely reported. Many of China's wind turbines can't connect to the country's larger electric grid. There aren't enough cables, wires, and related technology to bring wind-generated electricity from rural Mongolia. That's where most of China's wind turbines are located--far from the densely populated hubs of China's northeast and south, where electricity is most needed _FastCompany
Even worse than low quality overbuild, is China's bloated financial and economic infrastructure, corrupt to the core.
The ghost numbers of China's ghost economy impress only those who are incapable of looking to the heart of China's economic problem -- the lack of meaningful market level decision making and housecleaning. China's human masses are its greatest value, yet due to China's corrupt government the incredible creative power of China's people is being constrained and oppressed, wasted, like the massive ghost infrastructure to nowhere that begins crumbling even before it is completed.
No comments:
Post a Comment