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China cracks down on ‘themed towns’ in a bid to stop local governments wasting coronavirus stimulus funds

Summary:
[unable to retrieve full-text content]Local Chinese governments will no longer be able to build the extravagant and controversial “themed towns” that popped up around the country after Beijing’s post-global financial crisis infrastructure splurge, the country’s state planner has announced.Instead, the government is demanding a return to “rationality” after a number of high profile failures added to concerns over regional economies wasting central government stimulus funds.The National Development and Reform Commission (NDRC) said…

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[unable to retrieve full-text content]
Local Chinese governments will no longer be able to build the extravagant and controversial “themed towns” that popped up around the country after Beijing’s post-global financial crisis infrastructure splurge, the country’s state planner has announced.Instead, the government is demanding a return to “rationality” after a number of high profile failures added to concerns over regional economies wasting central government stimulus funds.The National Development and Reform Commission (NDRC) said…

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