China generated highest economic value from its infrastructure spending: Arcadis
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Akasa
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But how is that turning out? There are property bubbles all across their major cities. Ghost towns are popping up at unsettling rates whilst most of their population are still not urbanized owing to the dramatically-inflated housing prices.
This is neither a safe nor effective way to stimulate GDP growth; most developed nations reserve such measures only for times of crisis (e.g. the US economic stimulus package in 2009). This is certainly shortsighted in light of China's 250% debt-to-GDP ratio, which is more than double that of the United States.
This is neither a safe nor effective way to stimulate GDP growth; most developed nations reserve such measures only for times of crisis (e.g. the US economic stimulus package in 2009). This is certainly shortsighted in light of China's 250% debt-to-GDP ratio, which is more than double that of the United States.
haidian
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China owes her own people debt, but US owes China debt
http://www.bloomberg.com/graphics/2016-china-debt/
http://www.bloomberg.com/graphics/2016-china-debt/
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