A real paper tiger

[06wildcat]

As municipal projects play out across China, spending on so-called fixed-asset investment — a crucial measure of building that is heavily weighted toward government and real estate projects — is now equal to nearly 70 percent of the nation’s gross domestic product. It is a ratio that no other large nation has approached in modern times.

Yeah, this is going to end well.

[Dugout DickStone]

Which city is their version of Manhattan and does it have NBAF?

[06wildcat]

Which city is their version of Manhattan and does it have NBAF?

Chinese NBAF is on hold until China narrows the meat goat gap (MGG).

[ednksu]

[Bookcat]

 

[06wildcat]

Yeah, that's not the only city like that there either. I've read estimates that there's more than 50 years worth of surplus infrastructure in some regions doing nothing but rotting with each passing day.

[john "teach me how to" dougie]

Yeah, that's not the only city like that there either. I've read estimates that there's more than 50 years worth of surplus infrastructure in some regions doing nothing but rotting with each passing day.

And, with prices in the hundreds of thousands where the average worker is lucky to make $10,000/yr, they will sit forever.  They require 50% down and the balance paid in 3 years. LOL  Go government, fix the world!

[Dugout DickStone]

Zhengzhoucat2011 is not going to like that.

[slackcat]

Obvious potential for dental complex.