| However, you need to be aware that much of these mega projects are not really needed in this still very poor country. I don't regard this as money well spent. It appears that most of the money derived from sweat money by China's poor class has been put into these wasteful mega cost structures, as well as into past 5 and 6 years' real estate boom. Money should be spent in basic research and development, or acting as venture capital to stimulate China's innovation and raise this country into the first layer food chain in global economy. However, unfortunately, China's industrial structure remain at the bottom of the global food chain: profit margin weak manufacturing. No wonder at one end, there has been massive factory shutdown and company bankruptcy in Guangdong province, at the other end, endless effort to build some of the tallest buildings and world's biggest airports. |