China’s acute water shortage imperils economic future

China’s water crisis has no easy answers, suggesting severe dislocations to come. The bestiary beloved of China commentators and economists needs an addition to its black swans, grey rhinos, white elephants and the ‘tigers and flies’ targeted in the corruption war. Welcome to the Camel Economy, one that must adjust very rapidly to water scarcity. A crisis looms, with … http://on.ft.com/2HWgTHf

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