Wall Street Journal (March 21)
“At this point you have to ask: Is China’s economy real anymore?” While recent “economic news out of Beijing sounds so good,” it is driven by non-sustainable “subsidies for upgrades of business and household equipment.” Mr. Xi has fallen “back on the export dependence that so irritates trading partners while leaving China’s economy as vulnerable as ever to foreign protectionism.”
Tags: Beijing, Business, China, Economy, Equipment, Export dependence, Household, Irritates, Protectionism, Subsidies, Sustainable, Trading partners, Upgrades, Vulnerable, Xi
Wall Street Journal (August 18)
“A fraying electric grid is a nationwide problem,” with estimates suggesting over $700 billion “will need to be spent to replace aging transmission lines and maintain grid reliability” as 60% of “U.S. distribution lines have surpassed their 50-year life expectancy” and the “average age of large power transformers is 40 years, twice their planned life span.” Meanwhile, “grid upgrades to achieve the net-zero promised land” are estimated to “cost another $2.5 trillion by 2050.”
Tags: $2.5 trillion, 2050, Aging, Electric grid, Fraying, Grid reliability, Life expectancy, Nationwide problem, Net-zero, Power transformers, Transmission lines, U.S., Upgrades
