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Chinese Cities Outstripping Whole Countries in Infrastructure Debt

Matt Ball on February 24, 2014 - in Construction

Spending by the city of Wuhan on infrastructure construction alone is equivalent to the UK’s expenses for updating and enhancing the infrastructure of the entire country, according to British media. The city is part of a countrywide, multi-trillion dollar infrastructure upgrade.

Wuhan mayor Tang Liangzhi said in an interview with BBC correspondent Robert Preston that Wuhan plans to spend 2 trillion yuan (US$329 billion) during the next five years on urban construction.

Read more via Want China Times

About Matt Ball

Matt Ball is a former editor and publisher of V1 Media.

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