China fails to tackle flooding problem, billions of dollars at stake
Over the last several years, China has built many reservoirs, levees, dikes and dams on its seven major river systems, however, it is still struggling with a spike in crippling floods, which has destroyed huge agricultural and industrial land, and millions of homes.Flooding in cities is a worrying trend and it is a clear sign of rising populations and failure to execute urbanisation policies.In August, flooding in the Three Gorges Dam, the world’s largest hydroelectric dam, on the Yangtze River peaked and officials feared it could overflow. Authorities elsewhere have blown up barriers that were creating more damage than help.According to China Water Risk, a research firm based in Hong Kong, over 40 per cent of China’s population lives in the Yangtze River Economic Belt and accounts for nea...