They really have no choice, they have to continue to inflate the bubble to sustain employment and wages or they face a potential ruin and the downfall of the regime when the people realize that, once again, communism on paper and communism in reality are two entirely different propositions.
Keynesian at it's finest. Productive output is always good be it war or building empty cities. It doesn't matter if the capital is grossly missallocated by a central planning authority and wasted on pointless or destructive means.
If you are building shit for no reason or blowing it up you are boosting GDP, thus it is good. Or so goes their philosophy.
Yeah. And we are standing in it butt ass naked.Much better to spend cash and be loaning it out (to the likes of the USA) rather than spending credit and borrowing it in (like the USA)
Much easier to see how others are doing when your own house is made of glass LOL
China sucks, the sooner the world realizes this the better off we'll all be.