Reporting from Wangjiang, China, the LA Times describes some of the most ridiculous projects undertaken by Chinese local governments for the sake of boosting production.
Here's a few examples from the article:
A $10 million government headquaters the size of the Pentagon in the middle of rural WangjiangA $45 million giant clocktower in remote GanzhouA $44 million hotel shaped like a pingpong paddle in AnhuiA $7 million imitation of the Sydney Opera House, in a building which houses a hotel and restaurant but no operaA $1.3 million replica steam-powered train in Dancheng, which overturned on its first day and isn't used anymoreThere's at least $1.7 trillion worth of local government debt built into projects like this.
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