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| Chinese steel mill |
Monday, December 01, 2014
#CHINA: Gov't Report Shows China Wasted $6.8 Trillion in Bad Investments
[world politics news]
China wasted approximately $6.8 trillion or 41.8 trillion yuan on stimulus spending since 2009, according to an opinion piece published by two Chinese government researchers on Shanghai Securities Journal. report indicated that majority of China’s wasteful investments were in industries including steel and auto production.
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