Reporting from Wangjiang, China, the LA Times describes some of the most ridiculous projects undertaken by Chinese local governments for the sake of boosting production.
Here’s a few examples from the article:
- A $10 million government headquaters the size of the Pentagon in the middle of rural Wangjiang
- A $45 million giant clocktower in remote Ganzhou
- A $44 million hotel shaped like a pingpong paddle in Anhui
- A $7 million imitation of the Sydney Opera House, in a building which houses a hotel and restaurant but no opera
- A $1.3 million replica steam-powered train in Dancheng, which overturned on its first day and isn’t used anymore
There’s at least $1.7 trillion worth of local government debt built into projects like this.