Friday, December 04, 2009

China takes the long view

From Pension Pulse:

Keith thinks that all this talk of excess capacity in China is missing the bigger picture. He told me that China is planning and preparing for the future so they have every reason to over-invest now and build up their infrastructure aand stockpile the resources. It makes sense when you think about it; they saw all the mistakes the Western world made and decided its best to be better prepared for the future.

There are still problems in China, most notably the disparities between the rural and urban population, but they're making leaps and bounds in almost every area, including clean energy where China is securing first mover advantage in the market for renewable energy.


James Higham said...

Tom Paine obviously feels it's the place to be.

Sackerson said...

Which Tom Paine - dot com, clubhouse or some other?

James Higham said...