China Powers Past Debt Purge, Leaving Dead Projects
A red flag hangs on a pole next to electric wires in Xi Cun, an old neighborhood slated for demolition and redevelopment. (Photographer: Qilai Shen)

China Powers Past Debt Purge, Leaving Dead Projects

(Bloomberg) -- A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Centr...
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