Part 5/11:
The so-called "ghost cities," which were developed with the expectation of a burgeoning population, now stand as empty beacons of misguided investment strategies. These perched structures, built on once robust forecasts, are stark reminders of the infrastructural planning that anticipated a level of growth no longer achievable.
Debt: A Growing Concern
China boasts one of the world’s largest foreign currency reserves, which is often cited as a buffer against impending financial crises. However, a more complex picture emerges when examining the country's total debt. The national debt to GDP ratio, although appearing manageable at 77%, conceals more troubling layers beneath it.