Monday, November 16, 2009

Forget Japan's "bridges to nowhere", here comes China's "city for no one"

I am not an expert on China, but I found this video below really fascinating (via Prieur du Plessis' Investment Postcards):
China’s economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585 billion. But doubts remain whether such strong growth can be sustained by public spending alone. Al Jazeera’s Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty.

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