A ridiculous study on Chinese investment waste (which was
hyped by the Financial Times – were the FT editors asleep?) is (rightly) lambasted on
the blogosphere:
FT article (with an alarming headline) [gated version] – “China has ‘wasted’ $6.8tn in investment,
warn Beijing researchers”:
Critiques of the study:
http://krugman.blogs.nytimes.com/2014/11/28/diminishing-returns-arent-waste-wonkish/