Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Absorbing long read from The Guardian of the myriad factors behind the terrible 2015 explosion that destroyed a whole area of the Chinese port city of Tianjin, killing 173 people. The mismanagement of hazardous goods in a warehouse that was too close to residential areas might have been the reasons the disaster happened, but its root causes lie in the huge social shifts taking place in China: “The explosion also underscored a dilemma at the heart of China’s unprecedented economic boom: the chemical industry is critical for the country’s growth, but that growth is also fuelling rapid urbanisation. This is pushing residential areas closer to active chemical sites – like in Tianjin.” The immediate consequences were clearly terrible, but longer term effects that Chinese officials still struggle to manage continue.
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