#以太坊十周年 China launches the world's largest hydropower project in Tibet

China has begun construction of the largest hydropower plant on the Yarlung Zangbo River in Tibet. The total cost of the project is about 1.2 trillion yuan (~$170 billion). Five cascading dams are planned, with a capacity equal to the annual production of England.

- China's construction sector has sharply risen: shares of cement and explosives manufacturers jumped to the daily maximum gain (+10%).

- Raw material markets reacted with growth - iron ore futures reached a 4-month high.

- Chinese bonds strengthened.

Risks and countermeasures

- India and Bangladesh raised alarms: the project may affect the water supply of the Brahmaputra, causing agricultural and climate consequences downstream.

- The environmental burden is enormous: construction requires up to 30 million tons of cement and steel, bringing emissions close to 20% of the world's total.

- Local residents report human rights violations: evictions, restrictions on freedom, and protests with repression.

P. S. In Mykolaiv, they are re-laying the cobblestones again 👍