Bloomberg (March 3)
2017/ 03/ 05 by jd in Global News
There is a “big problem with China’s bridge and tunnel addiction.” It looks unsustainable. “China spent more than $10.8 trillion on infrastructure from 2006 to 2015…. Outlays for roads, airports, ports, railways, and the like rose 17.4 percent last year, far outpacing the country’s 6.7 percent expansion in gross domestic product.” To maintain the pace, Beijing is promoting public-private partnerships (PPP), but these look “unstable.”
Tags: Addiction, Airports, Bridge, China, GDP, Infrastructure, Ports, PPP, Railways, Roads, Tunnel, Unstable
