Without solid infrastructure, particularly in electricity, one country is unable to become an emerging economic powerhouse. Please see the following in-depth but a little lengthy reportage at:

https://user.guancha.cn/main/content?id=1022074 

BTW, Taiwan seems to be striding across the economic threshold, but remember that monster TSMC has guzzled a major part of the islands electricity, so the rest will not be sufficient for other industries and our daily lives.