India - China: Relations And Developments-2

[Guest]

Interesting reading on China's Investment Boom: The Great Leap into the Unknown (HT @lukkha) China has more spare cement capacity (340m tonnes) than the consumption of India, USA and Japan combined! (And in India's we're going nuts adding to capacity) The story has a lot more fascinating details like how China has overtaken Japan in the infamous "Bridges to Nowhere" madcap infrastructure spending metric. An example: they had to use 380 kg. of dynamite to blow up a bridge in Sichuan so they could rebuild it and thus "spend the stimulus money".


http://www.pivotcapital.com/reports/Chinas...the_Unknown.pdf