Joseph Kahn: Investment Bubble Builds New China

Invest.Span From The New York Times:

Nature spent millennia carving the jagged limestone mountains of Guangxi Province into the fanciful forest of stand-alone peaks so prized by ancient painters and modern tourists.

Ren Ping and his crew of a few dozen migrant workers have been at their jobs only a few months, but the elevated superhighway they are building has already burrowed a path through the prehistoric crags. “We’ll go around this one, but we will have to slice through that one over there,” Mr. Ren said over the roar of dump trucks pouring cement. “Drivers on this road will have the most beautiful view in all China.”

Environmentalists are less enthusiastic. But the highway will link mountainous northern Guangxi to the booming Pearl River delta in the southeast. It is the sort of grand development project that elicits official support and opens checkbooks in China’s economy, which some critics say has become dangerously dependent on such state-directed spending.

Thanks, Yong Liu!

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