This is a Lot Any Way You Look at It
Microsoft co-founder and multi-billionaire Bill Gates recently wrote on his GatesBlog, “This might be the most mind-blowing fact I learned this year”, followed by a graphic of Chinese cement usage over the last 3 years.
In short, China has used more cement in the last 3 years than the United States has used in the last century!
China’s 6.6 gigatons of cement, consumed in 3 years, dwarfs the U.S.’ 4.5 gigatons, consumed in 100 years. Here’s the amazing graphic provided by Mr. Gates.
So, here’s an interesting question.
Does this mean there’s a potential investment opportunity in the Chinese building or infrastructure sectors?
Or is it over?
Or is it just that China continues to build more “ghost cities” like they have before?