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China plans bond overhaul to fund $6 trillion urbanization

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  • #16
    Re: China plans bond overhaul to fund $6 trillion urbanization

    Originally posted by shiny! View Post
    The similarities are there, but the USA's phenomenal growth was possible in large part due to abundant cheap oil. That's not going to be the case for China. How will PCO and Peak Oil make China's (and India's) paths different?
    It's called coal.

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    • #17
      Re: China plans bond overhaul to fund $6 trillion urbanization

      Originally posted by GRG55 View Post
      It's called coal.
      As messed up as they are politically, they are able to turn on a dime relative to the USA. Look at what they did to Beijing for the 2008 Olympics. When PCO really starts to show, they will throw mandate after mandate out to curb oil usage and they will embark on implementing major electrification of infrastructure.

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