A report into the return on investment for Chinese infrastructure projects claims they “destroy economic value instead of generating it”.
The study, which analysed 95 road and rail projects in China and compared them to 806 schemes in rich democracies, found construction costs were 30.6% higher in China and three quarters suffered cost overruns. Projects in China took on average 4.3 years to build, compared to 6.9 years elsewhere.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.