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China’s regions brace for infrastructure spending downturn

In one of China’s poorest provinces, mountainous Guizhou, millions of lives have been transformed by an unprecedented infrastructure spending spree.

At Evergrande Happiness Number 33 Village — named after the now highly indebted real estate company that built it — several hundred farmers were persuaded two years ago to leave the cornfields and mud-floored homes of their ancestral hamlets and move to the newly constructed settlement.

Along with the change of housing came the promise of jobs in a booming construction sector. Infrastructure investment in Guizhou has grown 20 per cent annually over the past five years with the state adding high-speed railways, nearly half of the world’s 100 tallest bridges and a motorway network to rival France’s.

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