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"If you ever wondered how the Chinese can slap together an infrastructure so fast, here's your...

"If you ever wondered how the Chinese can slap together an infrastructure so fast, here's your answer: It literally slaps it together," writes Janet Tavakoli, defusing a few myths about China's unstoppable ascent. To time the crash, look for a marked increase in official "holidays" offshore - a signal of embezzled wealth fleeing the country. (pdf)
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  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Despite China's rise to an economic super power, internally a lot of the thinking is still stuck in the dark ages of Mao's Great Leap Forward, where quantity beat quality. Almost every day on the local/internal blogs and newspapers there are stories about below-spec concrete buildings falling apart, rivets and welds in bridges rusting through, and dozens of similar stories that you would normally expect from third world construction.

     

    Though in theory, there are standards and codes, the corruption among inspectors rivals that of the 1960's New Jersey mafia.
    7 Dec 2011, 11:43 AM Reply Like
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