When the Chinese company Shuanghui International bought US pork giant Smithfield in May—a deal that’s still on hold pending US government review—I read it as another sign that China’s rulers are ready to more or less outsource the nation’s food supply as it emerges as the globe’s manufacturing powerhouse.
Since then, two more data points have crossed my desk. The most recent involves this blockbuster Bloomberg piece on China’s emerging coal/water dilemma. The nation’s manufacturing miracle has been largely powered by coal, source of 70 percent of its total energy consumption. And it intends to ramp up its coal-fired electricity massively—by 2020, Bloomberg notes, the Chinese government „plans to boost coal-fired power by twice the total [power] generating capacity of India.“..