China’s Zombie Factories Provide Illusion of Work and Prosperity; Rebalancing Chinese Style

China’s Zombie Factories Provide Illusion of Work and Prosperity; Rebalancing Chinese Style

December 29, 2014 0 By News Desk
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The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.

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China’s Zombie Factories Provide Illusion of Work and Prosperity; Rebalancing Chinese Style