Part 3/9:
Over the last 25 years, China has vastly expanded its infrastructure, tripling the length of its roads and constructing vast numbers of bridges and housing units. This development is impressive and is crucial for modernizing the economy, yet it also raises questions about sustainability. The phenomenon of "ghost cities," where entire complexes and cities are built but remain uninhabited, illustrates the oversupply issues faced by the Chinese construction industry. Leaders, in a race to meet growth targets, often opt to build more rather than ensuring that existing infrastructure is utilized effectively. This has resulted in a cycle of flaunting GDP growth that does not correspond to actual economic productivity.