Entire states with enormous populations filled with farmers with no land, empty apartments and roads to nowhere:
On a newly built six-lane highway in China’s southwest, a few young people jogged in light drizzle, housewives walked their dogs and retired men holding bird cages strolled with friends as cars occasionally passed in the other direction.
The Fengxin Expressway, still partially closed after construction stalled four years ago, is one of the many unfinished infrastructure projects in Zunyi, a city of 6.6 million people in mountainous Guizhou province. In addition to highways, housing projects and tourist attractions also stand incomplete, symbolic of the stark debt crisis that many local governments in China are facing after years of credit-fueled stimulus to juice growth.
