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Due to continual economic growth and population size, China is one of the world’s leading water consumers. China withdraws roughly 600 billion cubic meters of water on a yearly basis. The country surpasses the United States by 120 billion cubic meters and falls short of India by 160 billion cubic meters. [ 1 ]
The sewage treatment rate in the Shenzhen Special Economic Zone has increased from 56% during pre-integration to over 88% in 2008, ranking first among large and medium-sized cities in China. The Asian Development Bank called the Shenzhen case "a model for market-oriented reform in the urban water sector". [ 36 ]
This has an impact on the water supply of China because many rivers, including the Yangtze and Yellow River are getting water from the Tibet glaciers. According to China's Ministry of Water Resources 28,000 of rivers disappeared in China by the year 2013 and the melting of Tibet glaciers and permafrost can be one of the causes.
The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. ... “The slowdown in China’s economy is structural, caused by the end ...
After China's property market bubble burst a few years ago, consumers became reluctant to spend and signs of deflation began creeping in. But due in part to its disdain for "welfarism," China has ...
China has relied far too heavily on debt-fueled real estate projects to power its growth, which has now produced an ongoing real estate collapse some liken to a “Lehman Brothers moment” for China.
Although China's southern region has an abundance of rainfall, most of its water is lost due to flooding. As the Chinese government faces challenges managing its expanding population, increased demand for water to support the nation's economic activity and people will burden the government.
The first one relates to the view that China is no longer gaining ground on the U.S. economy. While China's GDP did drop from 76% of U.S. GDP in 2021 to 67% in 2023, Lardy attributed that to ...