Comments by "Steven Phillips" (@stevenphillips3466) on "Burn 3 Trillion RMB Cultural Tourism Projects into Trash, Leaves Behind Unfinished Projects" video.

I see the common thread of all the problems in investing in China ....When the contractor gets the Money from the bank and the people ( investors ) that big Pile of money gets skimmed by the contractor . Either with or without the knowledge of the local government officials ( Bribe ) . The bank not distributing the funds of the loan piecemeal as needed instead of all at once with purchasing verified by a outside tracking firm . The Contractor being able to divert funds to other projects or corruption is the problem .
15