søndag 11. juni 2017

China’s New Bridges: Rising High, but Buried in Debt

The Chishi Bridge is one of hundreds of dazzling bridges erected across the country in recent years. Chinese officials celebrate them as proof that they can roll out infrastructure bigger, better and higher than any other country can. China now boasts the world’s highest bridge, the longest bridge, the highest rail trestle and a host of other superlatives, often besting its own efforts.

The eye-popping structures have slashed travel times in some areas, made business easier and generated a sizable slice of the country’s economy, laying a foundation, in theory at least, for decades of future growth. But as the bridges and the expressways they span keep rising, critics say construction has become an end unto itself. Fueled by government-backed loans and urged on by the big construction companies and officials who profit from them, many of the projects are piling up debt and breeding corruption while producing questionable transportation benefits.