Thursday, September 29, 2016

China in debt




A look at China's ghost towns and the bad debt they represent. Plus, why the work gender gap is still prevalent.

The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China. 
Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known.



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