Build, Baby, Build!
Two decades of unprecedented infrastructure investments transformed China. Then the country hit a wall of debt.
Between 2011 and 2013, China poured more concrete than the United States did throughout the entire 20th century. China’s infrastructure push began in the mid-’90s, but it really took off in the early 2000s — first in 2001, when the country adopted its tenth five-year plan, and again in 2008, when it cranked up the […]
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