All Commentary
Wednesday, May 25, 2011

China Undergoing Power Struggle


“It is a power struggle that is causing a power shortage — one that has begun to slow China’s mighty economic growth engine. Balking at the high price of coal that fuels much of China’s electricity grid, the nation’s state-owned utility companies are defying government economic planners by deliberately reducing the amount of electricity they produce.” (New York Times)

Checks and balances.

FEE Timely Classic
“China’s Forgotten Industrial Revolution” by Stephen Davies