Why nuclear energy will fuel power-hungry China’s dreams of national rejuvenation Wenyuan Wu says given China’s pressing energy needs and its drive to reduce carbon emissions, the country has no choice but to invest heavily in nuclear power.
South China Morning Post 9th July 2018 read more »
The projects are half a world apart – in Malaysia and Colombia – but their miscarriages are linked by an association with China and the controversies stirred by Beijing’s opaque approach to development finance. In Malaysia, about $23bn in China-linked infrastructure undertakings were suspended this month as Kuala Lumpur ramped up its investigation into corruption surrounding 1MDB, a scandal-ridden state investment fund. In Colombia, a huge hydroelectric dam partly financed by Chinese state funds is in danger of collapse, forcing evacuations downstream. The worst of it – for Beijing – is that these are by no means isolated incidents. The instances of Chinese infrastructure schemes overseas running into publicly-reported “trouble” are proliferating, besmirching th e reputation of the Belt and Road Initiative, a grand programme to finance and build infrastructure around the world championed by Xi Jinping, China’s leader.
FT 9th July 2018 read more »