A Stimulating Idea From China
The place is Inner Mongolia. The city is Ordos. Actually, within 18 miles, there are two Ordos. One looks like a normal city. Built with stimulus money, the second Ordos looks complete except for one detail; there are no people. The apartments are empty, the offices, and the streets are empty.
The results? China’s GDP growth remains near 8%.
Is this like the New Deal