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Right now, on the energy side, one can't really compare the US and China. The US is an already developed country, with considerable infrastructure deployed duri
by antr 14y ago
Right now, on the energy side, one can't really compare the US and China. The US is an already developed country, with considerable infrastructure deployed during the past 50-100 years and well established incumbent players, a region with low/single digit growth, etc. China on the other hand is a huge market, until recently with little or no energy infrastructure, fuelled by a rapidly growing domestic consumption, etc.
China has the need to accelerate and be extremely fast in all aspects of its economy, otherwise it is risking not growing at all, with devastating effects to its economy (and the world).