Blouge on 09 October 2014
Confucius says wise man should not squander wealth on malinvestments.
“The most important thing for Tianjin’s government has always been a high GDP rate. That means the government has to spend a lot of money on huge projects like this one. In China, these kinds of wasteful projects are everywhere.” - http://www.marketplace.org/topics/world/marketplace-25/chinas-economic-boom-leaves-trail-ghost-cities
