The Belt and Road Initiative (BRI) is reported to be the most costly global infrastructure build-out in human history. China is building what they see as the new Silk Road.
The Mila Mountain tunnel is yet another marvel of Chinese engineering and willpower. Built at an average elevation of 4750m, it currently holds the record for the world’s highest freeway tunnel.
White elephant – a term used to refer to an outlandishly expensive project that was expected to produce tremendous socio-economic benefits, but ended up effectively as a failure, generating nowhere near the predicted amount of social nor economic benefit.
For a long time now, China has been funding the developing world’s infrastructure growth. Recently though, the underlying intentions of the Chinese have been called into question.
Beijing’s new Daxing International Airport opened recently. It is one of the biggest infrastructure projects that China completed in 2019, but there are many others that are currently under construction.
China has entered Cambodia’s developing economy and made some major investments. The Middle Kingdom is rapidly cementing itself at Cambodia’s strongest foreign partner, and biggest investor.
Hong Kong, the U.S., and mainland China are the three main drivers of the global IPO market. Only one of them though has seen a sharp decline in 2019.
Mofang is a long term apartment rental manager in China. The company presently manages 70,000 individual apartments found in all of the major cities throughout the country.