Could this type of economic activity by China be characterized as similar to the "New Deal" that the US embarked upon in the 30's? Except in this case China is

Could this type of economic activity by China be characterized as similar to the "New Deal" that the US embarked upon in the 30's? Except in this case China is attempting to stimulate their economy to "keep up" with western society? The sheer level of organization and determination to build all these assets only to have them go uninhabited surely means that there are very conscious decisions being made at very high levels. I suppose capitalism keeps this kind of stuff from happening in the US, since no one is going to put their own money on the line when no one is going to buy. But the flip-side of that argument could be made in that Freddie and Fanny (Government backed entities) were formed to entice the American public to finance and build the American dream home. And we see what happened over the past few years... Those of you that are Economics or Econ/Poly Sci type folks... what is the reasoning for this type of Government behavior? I'm curious as to why China would embark on such a quest.