The Crown’s state housing agency could be in for a big shake-up, Chinese developers have shrivelled from Australasia, why mega-projects are usually late and.
ANALYSIS/OPINION:
China’s presence looms large in the unfolding infrastructure debate. President Biden has said that our rival is going to “eat our lunch” with respect to infrastructure if we fail to “step up” spending. Transportation Secretary Pete Buttigieg has expressed similar concerns. However, the autocratic government of China is no leader on efficient infrastructure development, and the Biden administration should stop putting it on a pedestal.
Despite its progress in recent years, China still has many characteristics of a developing economy. As its economy grows, it should come as no surprise that China is investing heavily in roads and rail. Additionally, a close look at the evidence indicates that many of its infrastructure projects have been poorly chosen.