Tag: china economy 2024
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China Expands Hydroelectric Power with Risky Megadams in Earthquake-Prone Areas
China is advancing its hydropower capabilities by constructing an extensive network of dams along its longest river, the Yangtze, notably in the highly remote and earthquake-prone regions. This ambitious project involves more than a dozen dams, including the $31 billion Baihetan Dam, which alone generates 16,000 megawatts of power. Despite the hydropower potential, which is…
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Exploring the Risks of Deflation in China Amid Economic Slowdown
China is facing the threat of deflation, which many economists consider to be a more perilous situation than high inflation. The concern stems from a pattern of falling consumer prices, prompting fears of a deflationary spiral similar to Japan’s ‘Lost Decade’ in the 1990s. The Chinese government plans to issue special treasury bonds to stimulate…