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JOHN ALT's avatar

As an architect, I'm fascinated by these city-studies!! As a commentator on the mechanics and opportunities of Modern Money Theory, I'm somewhat confused by your explanations of how the Chinese gov. is paying for it all. I'm sure your reporting is correct, but I'm puzzled: Why would the gov. borrow dollars from the World Bank, or Euros from a German bank to pay for something being constructed in China? And if they're somehow borrowing Yuan/RMB from those organizations, why would they be borrowing a fiat currency that the government itself issues?

Do you have any insights/thoughts about this? Thanks for your great work!

$1.8 billion from:

World Bank ($600m for sewage systems)24

Asian Development Bank ($450m for landslide prevention)

German KfW Development Bank ($300m for heritage architecture relocation)

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Luis R Domingos's avatar

What a fascinating, in-depth article! How much thought was put into the relocation of the city (though many cultural sites were still lost)! Still have to read your other articles - but already have a question: will you be covering Wuhu as part of your 707 plan?

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