Woman to lead financial hub in China
Yujiapu helped Tianjin to record 16.4 percent growth in 2011.
But critics see Tianjin as typical of the kind of debt-financed infrastructure splurges that have succeeded in getting politicians noticed inside China's ruling Communist Party but have left behind mixed economic blessings.
They say the local government employed cheap state capital and high levels of debt to fund the goal of turning the port city into a global financial centre.
Be the first to comment.