外文标题：Wasted investment; China's $6.8-trillion hole?
I think ultimately PBOC will need to print quite a lot of CNY in coming years.
People put their life savings into banks in CNY.
These savings were lent by banks to real estate developers to build unprofitable malls, unsaleable buildings, bridges to nowhere, unneeded factories.
Banks won't get their money back, as the underlying asset fails to earn money to repay.
I am of the mindset no infrastructural investment is a waste.
Infrastructures also needs maintenance expenditures afterwards!!
A fine "bridge to nowhere". Price tag: 200 million GBP.
China’s new bridge to North Korea left with nowhere to go
1) the article is sensationalist
2) 200 million GBP is not very much
3) It is one example.
If you built it, they will come.
Exactly. This is the justification chine se gave .... to all this investment.
Economic Feasibility analysis is not necessary.. since, "If you build it, they will come".
Even if a mall is built in Antarctica, some one will come and buy goods.
Indian govt. is not putting any money for the high speed bullet train. It is asking PRIVATE players to invest and recover the money. See the difference ?
Say if it is even true, this 6.7$ trillion farce. What does it matter to us? Is that your money lost? Did you break your back building those bridges?
Well for one, its that much less money that is going into PLA
Why would Indian govt. have a problem if someone else put the money and build a bullet train ?
If they don't build it, they don't. India looses nothing. If they build it, India gains a bullet train. Either way we win.
At last count, both China and Japan are competing to build these in India so you are again wrong regarding Indian thinking.