Tuesday, December 1, 2009

More Chinese investment blunders

The following news-piece, from Al Jazeera, documents the enormous efforts the Chinese government has gone towards maintaining the illusion of growth and prosperity within their nation. They have invested hundreds of billions of dollars into so-called infrastructure with the publicly stated intention of increasing domestic mobility and instituting structural efficiencies. However, as the piece illustrates, substantial sums of that investment have gone into cosmetic and wholly unnecessary projects that may never have any real use. Consider the newly built city of Ordos, in Inner Mongolia, built for over one million residents, but remains nearly vacant as no one has yet to move in.

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