Debt-laden local government financing vehicles face soaring bond yields

  • ∟⊔⊤∦∣≶@lemmy.nz
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    1 year ago

    Probably for the best. Search on youtube for tofu dreg construction.

    You can see people digging out load bearing columns with their fingers, pulling door frames off the wall with minimal effort, bending and cracking rebar steel with one hand.

    • Kerb@discuss.tchncs.de
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      1 year ago

      oof, i still remember the one where a guy pulled out balcony railing posts with seemingly no effort.

      it was high up too, at least 20th floor.

      • ∟⊔⊤∦∣≶@lemmy.nz
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        1 year ago

        That shit is fucking scary. Have you seen the videos where shit just falls off buildings and narrowly misses a person? Apparently they aren’t so lucky so often.

    • InvertedParallax@lemm.ee
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      1 year ago

      So, personal story:

      I was at their biggest glory internet company almost a decade ago, they had a brand new huge campus that sprawled over acres, and in hindsight its clear they just tried to copy Google.

      Roof constantly leaked (buckets everywhere), holes in the floor of all things, walls crumbling. They’d moved in 1-2 years earlier and it was considered a point of Chinese national pride. No a/c either, which was brutal in the summers.

      They need to stop building before more people get hurt.

        • InvertedParallax@lemm.ee
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          1 year ago

          This same building had literally millions of dollars of servers lying around the floors, the whole thing was surreal.