There are a lot of thing which will never pay off but which make life better.<quoted text>
Oh my God you communist suffer from a serious case of stupid that is truely baffling. The communist mind set of Produce the goods and services before making an accurate accessment of how large the demand will be and how viable this will be in the long run.
Let me start bulldozing your ignorant post with transport infrustructure, ALL OF CHINA'S HIGH SPEED TRAINS ARE IN THE ECONOMIC RED ZONE and are all running at losses of hundreds of millions of dollar each year each. China is pouring its annual "profits" into projects that will never pay off and should never have garnered a yuan of investment, then, maybe, China won't catch the United States.
Or at least it will take much longer for the country to close the gap with the world's largest economy.
The real estate bubble will burst soon and has the estemated shock value of trillions of dollars once it does as millions of apartments sit empty they disintergrate, the cost of their creatation being in the form of loans only goes up with each year and they will not be able to be paid back because they are shiny empty white elephants.
Chinese having the GDP per capita of less then $10,000USD are a very price sensitive bunch who can not afford these huge projects.
Unlike USA which made people car adicted China devolopes public transport system.
It is much more comfortable to travel from one city to other in a compartable fast train then holding steering wheel.
You have all those traffic jams in big cities, terrible smog traffic accidents and when it will come down to lack of oil or war in Persian gulf common Americans will suffer.
China will be alright if oil prices will rise up.
They won`t have so much of smog and all the rest bad things because of idiotic cars.
One train can do the job of thousends cars!
Yea, China is doing a right thing when devolopes past train system.
If Americans wouldn`t think only about paying off USA wouldn`t be in the shit it is now.