Isabel Hilton

Just before the end of 2024, Chinese state media Xinhua slipped out an announcement – the long discussed mega-dam in Medog County, Tibet, has been greenlit. When built, it will generate three times more energy than China’s Three Gorges dam, currently the largest in the world. The Xinhua write-up gave few other details, but the news has caused reverberations across Asia as the river on which the dam would be built, the Yarlung Tsangpo, flows into both India and Bangladesh. The existence of the dam could, as we will hear in this episode, have extensive impact on these downriver countries.

Is China in decline? I was born in China in the 90s, and growing up it felt like the future was always going to be brighter. My parents were wealthier, more educated, better travelled than their parents, and it seemed assured that my generation would only have even better life chances. But in the 2020s, China’s economic growth has slowed down. Some of the once-bright spots in its economy, like real estate, are in slow motion meltdown. In the last couple of years foreign direct investment into the country has been falling at a record pace. The youth unemployment rate from this summer shows that just under a fifth of people under 24 are jobless.