10th January 2016 archive

Today’s News 10th January 2016

China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper "Growth" meet "mal-investment boom-bust" In a perfect example of the smoke-and-mirror-ness of China's credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, "having been left unused for too long." As China People's Daily reports, Directional blasting demolition of a high-rise …

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