With the notion of a national infrastructure bank dead for now and Wall Street reluctant to invest in infrastructure projects, Joel Epstein argues that Chinese investment in L.A.'s 30/10 Transportation and Jobs Initiative is worth considering.
Having read a recent piece on China's investment in Argentinian transit and rail, Epstein thought, why not in Los Angeles?
Epstein writes, "After all, wasn't it also a good deal of (albeit private Hong Kong) Chinese money that built the skyline of modern Vancouver?"
"As the article notes, the urban projects offer no clear economic benefit to the Chinese. The quid pro quo of the overall deal is preferential trade treatment for China as well as improved access to the country's agricultural products.
Well why not offer China the same deal here in California?"
Thanks to Joel Epstein
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