Poles apart notes that "According to official estimates, China's government ran a budge deficit of around 1% last year." The chief economist at China International Capital Corporation, Jiming Ha, suggests that the government probably actually has "a surplus of around 3% of GDP," which adds up to US$86.37 billion. China also has the lowest proportional public debt of any "big country," with a public debt of 17% of GDP compared to the OECD average of 77%. This gives China plenty of cash and credit to play around with.
"Rushing on by road, rail and air" chronicles the infrastructure projects:
- Beijing's new airport terminal is bigger than all the terminals at London's Heathrow combined.
- "The world's longest sea-crossing bridge [at 36km, 4km longer than Donghai bridge] is due to open in June."
- Bullet trains are being cast [?] all over the mainland.
- Yangshan port outside of Shanghai is shaping up to be one of the largest deep-water ports in the world.
- Plans are in the air "to add another 97 airports by 2020 to the 142 China had at the end of 2006."
- An interstate highway system that has grown to the second largest in the world.
"America's splurge" describes the return on investment that America has seen on the interstate highway system which cost $425 billion and took 37 years:
- In 32 of 35 industries studied costs fell 24 cents per $1 invested in the highways.
- During the 1950s, "interstate-highway spending was responsible for 31% of the annual increase of American productivity."