Monday, September 2, 2013

More Megaprojects? What China’s Rebalancing Means for Asia | The Diplomat

More Megaprojects? What China’s Rebalancing Means for Asia | The Diplomat
China’s growth may be slowing, but that doesn’t mean its economic presence in Asia will diminish.
To match Analysis CAMBODIA-CHINA/
The China boom has changed far more than China itself: its impact has been felt right across the global system, from the wealthiest states to the poorest.
But for China’s neighbors, there has been a particular implication—an opportunity for relatively poor economies to develop themselves, to a greater or lesser extent, in China’s own image.
The megaproject is the pièce de résistance of the Chinese development model: huge dams, high-speed rail networks, highways, mines, ports—anything so long as it’s big enough to resonate with vision and prowess. China has given other countries in the region, especially those in developing South and Southeast Asia, the chance to have their own impressive Chinese-style infrastructure or to tap once-unreachable resources by providing the money, the expertise, and in many cases the labor needed to deliver projects way beyond the capacity of the recipient countries.

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