How does China finance so many megacities?
Posted: under China.
Tags: China Economy, Funiture, Plastic Toys, Skyscrapers, Walmart
Little Phelps asked:
I know that China’s economy is growing fast and that most of the stuff at Walmart is from China. But how does China afford all of the hundreds of new modern skyscrapers being built every year? The country is somehow managing to move hundreds of millions of people to cities. How? That has to be incredibly expensive. Where does it get the money? India can’t do anything like that. Even the United States probably couldn’t do that if it tried. Where does China get the money for this? They can’t be that rich from selling plastic toys and cheap funiture.
Kasey
I know that China’s economy is growing fast and that most of the stuff at Walmart is from China. But how does China afford all of the hundreds of new modern skyscrapers being built every year? The country is somehow managing to move hundreds of millions of people to cities. How? That has to be incredibly expensive. Where does it get the money? India can’t do anything like that. Even the United States probably couldn’t do that if it tried. Where does China get the money for this? They can’t be that rich from selling plastic toys and cheap funiture.
Kasey
Comments (6)
Sep 21 2008