China Spends More on Infrastructure Than the U.S. and Europe Combined
Western countries put less money into roads and bridges now than they did before the global financial crisis.
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.
See report here