The era of Chinese stimulus is over

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From the UK Telegraph:

Drivers on this newly-built highway found themselves on a road to nowhere when they hit an entire farm blocking the route.

Most of the residents of Dongying, China, accepted pay packages to move out and allow for construction on the road.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.