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The Wasp
Mr Raccoon

China’s economic miracle may not be all it seems to be.

Creating brand new cities, infrastructure and shopping malls is certainly one way to maintain double digit economic growth year after year, as the video below from Nathan’s Economic Edge demonstrates.

The best bit though, as you will see, is that the orgy of lending, spending and building needed to provide the desired growth figures leave you with acres and acres of empty houses and shops as provision outstrips even the Chinese ability to fill these vast new spaces with people and businesses.

Watching the video, it is quite bizarre to see cleaners working away in shopping malls where there are no open shops and no people shopping.

Even Gordoom wasn’t this demented during his reign of out of control spending investment although I am sure it would have been central to the next 5 year plan if he had managed to maintain his grasp on the levers of power.

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