beijingwalker
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prolly not close but we are smarter. we r not using printed money to build those sexy buildings which have been vacant for last 10 yrs. according to study with current growth it will take 35 yrs to fill those.
we can easily do that. 26% chinese economy is running on real estate. just imagine how would u pay it out. we will build those buildings when demand comes and based on money we have. mumbai gdp is 209 bill and shanghai is 233. not much of a difference. but the supersexy buildings and real estate of shanghai make them look way ahead of us. a layman like u sees those buildings as wow we r the best. but an educated economist sees them as how the hell these guys will pay for it when they only get 18o bil fdi every year. ur total debt is over 89% and rising faster than ur high speed trains
ha ,you can keep your shantytowns and snail speed train system for ever,there are thousands of excuses you can find to explain away your slow development,and we dont really care.you better stay that way.