China’s debt-fuelled county admits ‘reckless borrowing’ after video questions 40 billion yuan construction spree
- Dushan County in the landlocked southwest province of Guizhou, one of the poorest regions in China, has built a number of white elephant projects over the last four years
- Since its release on Sunday, the ‘How Dushan Burnt 40 billion’ video has been viewed over 27 million times on Weibo, China’s Twitter-like social media platform
A county-level government in China has vowed to make changes after a viral online video raised questions over its debt-fuelled 40 billion yuan (US$5.7 billion) construction spree that began in 2016.
Since its release on Sunday, the How Dushan Burnt 40 billion video has been viewed over 27 million times on Weibo, China’s Twitter-like social media platform.
The county, with a population of just 370,000 according to the 2017 census, has embarked on a construction spree for the last four years with a number of white elephant projects, including a 99.9 metre (329 feet) high wooden building that it had hoped would earn recognition as a Guinness World Record.
But the 200 million yuan (US$28.6 million) structure is shown to have been abandoned, with the video’s presenter questioning how such projects could add value to Dushan.