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Chinese cities rush into risky specialization

Friday, December 08, 2017 - 01:25

China has a plan to create 1,000 ''specialty towns'' by 2020, but that could mean a massive amount of debt for Beijing and a growing number of white elephant projects. Grace Lee reports.

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China has a plan to create 1,000 "specialty towns" by 2020, but that could mean a massive amount of debt for Beijing and a growing number of white elephant projects. Grace Lee reports.

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Chinese cities rush into risky specialization

Friday, December 08, 2017 - 01:25