China's cities are buried in debt, but they keep shoveling it on

The infrastructure splurge is far from over. On Feb. 23, the Shangqiu Communist Party secretary reiterated the city's vision as a logistics power when celebrating a new partnership with a state-owned investment firm, which could help Shangqiu borrow money for even more projects.

from News-Economic Times https://ift.tt/ldFb8mO