By Chris Mayer at The Daily Reckoning (Australian edition) The price of water is starting to rise in a big way, at least in China. I’ve expected this for a few years. To set the table, water rates in China have been so far below the global average it’s ridiculous. Especially when you consider the severe water problems in China. The graphic below is from The Wall Street Journal (”China Cities Raise Water Price in Bid to Conserve” by Andrew Batson): The Chinese are water-poor. They are sucking … [Read more...]