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Chinese cities rush into risky specialization
4:32am EST - 01:49
China has a plan to create 1,000 ''specialty towns'' by 2020, but that could mean a massive amount of debt for Beijing and a growing number of white elephant projects across the country.
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China has a plan to create 1,000 "specialty towns" by 2020, but that could mean a massive amount of debt for Beijing and a growing number of white elephant projects across the country.
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Chinese cities rush into risky specialization
4:32am EST - 01:49
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