BLOOMBERG.COM
Despite a crying need for better infrastructure, investment in it has actually fallen in 10 major economies since the financial crisis, including the U.S., according to a new study by the McKinsey Global Institute. Meanwhile, China is still going gangbusters on roads, bridges, sewers, and everything else that makes a country run. "China spends more on economic infrastructure annually than North America and Western Europe combined," according to the report published Wednesday.
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Despite a crying need for better infrastructure, investment in it has actually fallen in 10 major economies since the financial crisis, including the U.S., according to a new study by the McKinsey Global Institute. Meanwhile, China is still going gangbusters on roads, bridges, sewers, and everything else that makes a country run. "China spends more on economic infrastructure annually than North America and Western Europe combined," according to the report published Wednesday.
Read more>