Battling Over Resources

Resource security is now a priority for governments the world over. Markets for many resources are likely to remain tight and unstable as demand growth outstrips production and stocks struggle to recover. Government interventions in resource markets, such as biofuel mandates and export controls, often make things worse. In the medium term, climate change will […]

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China’s Other Power Struggle

As China’s ruling Communist Party prepares for a once-in-a-decade leadership transition next month, it is planning a daunting step – breaking up the monopolies enjoyed by its gargantuan state-owned enterprises. The monopolists have other ideas. One of the most powerful of all Chinese state-owned giants is the power-grid operator, State Grid Corp, led by the politically […]

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