Can somebody explain to me why is it a good idea to operate the utilities (water, power) of a foreign country? China is buying up a lot of them, but in inconsequential places like Zambia or Portugal. It’s like they can jack up prices at will. It’s heavily regulated.
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In Portugal's case it was both the desire to privatise everything as possible, for ideological reasons, and to get some cash, as we were still under the Troika intervention.
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The final purchase has been finalized just a few months ago. I get Portugal selling. I don't get China buying.
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For Portugal, I'll guess the Chinese figured they could make it turn a profit by cutting out all the featherbedding. For Zambia, like others have said, it's about making sure their other investments actually get utility service.
End of conversation
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That's the point. As long as they are run by the community they tend not to be profitable at all. They are often politicized and corrupt. When the utility and the community eventually runs out of money the utility gets sold to cash in. It's stupid, but they a managed by idiots.
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