Five dams in the Yarlung Tsangpo Canyon, powering the Medog Hydropower Station, will generate 60 gigawatts of electricity. At full tilt, the complex will pump out 300 TWh a year—21 percent of the PRC's total hydropower output in 2024 and three times the might of the Three Gorges Dam.
Reforms to the PRC social credit system aim to address the persistent lack of access to finance and to strengthen the flow of goods, services, and capital within the domestic economy.
In rapidly evolving economies, a joined-up national market is taken for granted. Yet in the PRC, the past two decades+ of turbocharged growth are often credited to the very absence of such integration.
For PRC industrial ‘mother machines’ to transition from mere scale to genuine strength, Beijing must integrate standards, pilot programs, finance, industrial clusters, and AI. This transformation also hinges on firms successfully developing CNC tech and other core components.