Apr
26
Power to the People!
After all that is what the Three Gorges Dam is all about. It is hailed in China as the modern engineering equivalent of the Great Wall. When it is finished it will be the largest hydroelectric dam in the world.
And, not a moment too soon! They are going to need all that electricity to power the hundreds of millions of electronic devices and computers destined to be needed there. Do you really think an economy with a 9% +/- GDP growth rate is going to be satisfied with fueling a worldwide trade deficit to China forever?! One day the Chinese are going to become net consumers! It looks like the next Great March has really begun. The next Cultural Revolution is underway!
Mao once said, "It doesn't matter whether a cat is black or white as long as it catches mice." Mao died in 1976.
And, not a moment too soon! They are going to need all that electricity to power the hundreds of millions of electronic devices and computers destined to be needed there. Do you really think an economy with a 9% +/- GDP growth rate is going to be satisfied with fueling a worldwide trade deficit to China forever?! One day the Chinese are going to become net consumers! It looks like the next Great March has really begun. The next Cultural Revolution is underway!
Mao once said, "It doesn't matter whether a cat is black or white as long as it catches mice." Mao died in 1976.