When it comes to infrastructure, China wins hands down. “China spends more on economic infrastructure annually than North America and Western Europe combined,” according to a study by the McKinsey Global Institute. Kingston University Professor of Economics Steve Keen told People’s Daily Online that Trump could learn a lot from China about infrastructure. “America lacks the capacity to plan and carry out large-scale projects, because the expertise needed to expand infrastructure has been lost.”I disagree. The expertise has not been lost. It's been suffocated to a much less degree of activity due to government over-regulation and over-stepping its role.
Wednesday, January 25, 2017
To Trump: Infrastructure of China wins "hands down" over U.S.
From China's The People's Daily: