With the “Belt and Road” initiative, the fast establishment of the Asian Infrastructure Investment Bank, the construction of ports and railways in Africa and elsewhere, and by pushing green energy, China is demonstrating what has been lost in the West in recent times.
The China example shows that it will be important for other countries to invest not only in high-quality infrastructure, but to also dedicate sufficient thought in how best to plan and deliver these projects to stay within cost and time budgets.
Learning from Asia’s Massive Investments
By 2030, two-thirds of the world’s middle class will reside in Asia. The middle class will demand quality infrastructure that meets their needs, without corruption or waste.
Unless China shifts to fewer and higher-quality infrastructure investments, the country is headed for an economic crisis, which is likely to spread to the international economy.