China has begun construction on what will be the world's largest hydropower dam on the Yarlung Tsangpo (Brahmaputra) River in Tibet, a $167 billion project set to dwarf the Three Gorges Dam in both size and output. The dam's location on a river that flows into India and Bangladesh has triggered serious concerns about water security, environmental impact, and regional stability, as millions downstream could be affected by changes in water flow. While China touts the project as a major step toward renewable energy and green finance, critics highlight the lack of transparency, consultation, and potential human rights and ecological risks. The move has also boosted Chinese hydropower and construction stocks, but has left neighboring countries wary of Beijing's intentions and the possibility of water being used as a geopolitical tool. Despite reassurances from Chinese officials, India and Bangladesh remain skeptical and are closely monitoring the situation.
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