Seeing some comments that the Zhengzhou floods are a result of cutting corners on infrastructure, which seem pretty dubious to me.
Water and flood management is, after real estate and manufacturing, by far the largest sector that China spends money on.
Fixed asset investment in water and environment is more than in transport, education and health PUT TOGETHER.
stats.gov.cn/tjsj/ndsj/2018…
Fixed asset investment in water and environment is more than in transport, education and health PUT TOGETHER.
stats.gov.cn/tjsj/ndsj/2018…
In terms of *state* investment, China is basically a dam-building program with an army.
But flood management is hard and often counterproductive, and the Yangtze and Yellow are two of the most destructive rivers in history in terms of floods.
But flood management is hard and often counterproductive, and the Yangtze and Yellow are two of the most destructive rivers in history in terms of floods.
Zhengzhou sits on the banks of the Yellow River and the rainfall has been without precedent.
These floods worldwide are a warning to us all about climate change — a warmer atmosphere can hold and then drop more moisture than it ever did historically — but the "shoddy infrastructure" thing is getting old.
If there's an area China needs to course-correct on infrastructure and flooding, it's the way that the manic pace of infrastructure buildout is itself causing vast emissions of its own, and increasing climate risks.
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