The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, May 26, 2011

What will happen to China between now and 2025?

From ANZ's Paul Braddick:
  • 350 million more people will move to the cities – 103 million have moved since 1990
  • 221 Chinese cities will have 1 million + people living in them – the whole of Europe has 35 today
  • 1 million kilometres of new road and 28,000 kilometres of metro rail will be laid
  • 170 mass-transit systems will be built - twice the number that all of Europe has today
  • 40 billion square metres of floor space will be built to construct five million buildings
  • 50,000 skyscraper will be built (+30 stories) – the equivalent of building 2 Chicago's every year
  • 97 new airports will be built
  • 1 in 7 planes assembled by Boeing and Airbus will be delivered to China
  • 1,000 MW of coal-fired power capacity will be commissioned every week - equivalent to 4 million tonnes of new coal demand
  • 1 wind farm turbine will be built every hour and a half