China’s Belt and Road Initiative is replicating China’s fossil fuel-based climb from poverty in two-thirds of the world. These countries have two-thirds of the world’s population, 30 percent of global GDP, and an estimated 75 percent of known energy reserves. Those countries have an average per capita GDP of one-third of China’s per capita GDP. China is funding coal, oil, natural gas, ports, airports, mines, factories and industry to build up those countries.
Chinese companies are involved in over 240 coal projects in 25 of the Belt and Road countries, including in Bangladesh, Pakistan, Serbia, Kenya, Ghana, Malawi, and Zimbabwe. China is financing about half of proposed new coal capacity in Egypt, Tanzania, and Zambia.
Since 2000, Chinese-led policy banks have invested $160 billion in overseas energy projects. This is almost as much as the World Bank and regional development banks. 80 percent of China’s overseas energy investments went to fossil fuels — $54.6 billion to oil, $43.5 billion to coal, and $18.8 billion to natural gas.
Steel, Energy and Ports
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.