3 ms·
But it is bad for Westerners. The construction boom drives up the cost of steel and concrete for everyone, for example in San Francisco increasing the cost of m
by Decade 11y ago
But it is bad for Westerners. The construction boom drives up the cost of steel and concrete for everyone, for example in San Francisco increasing the cost of material for the new eastern span of the Bay Bridge by 18% in a single year.[0]
China's construction boom has been contributing to China's ability to buy Western debt and Western products, so when it all comes crashing down, it will be bad for your lifestyle.
Also, it significantly contributes to greenhouse gas emissions.
We all pay the cost of China's construction boom, so it's rather disappointing when it isn't used for anything.
[0]http://www.citylab.com/politics/2015/10/from-250-million-to-65-billion-the-bay-bridge-cost-overrun/410254/ http://www.citylab.com/politics/2015/10/from-250-million-to-...