We constantly hear that we’re losing the race against China regarding infrastructure spending:
"They won't win this race. We have to move fast. That's what we're doing here."@JoeBiden challenged China to out-compete the United States in the electric vehicle market as he takes his trillion-dollar infrastructure on the road.
https://t.co/D8aeEcXu0t— Washington Examiner (@dcexaminer) May 20, 2021
Oh really?
Authorities in the southern Chinese tech center of Shenzhen have evacuated a 70-story skyscraper after it began swaying and are investigating the cause. https://t.co/Os2fJcCL3W pic.twitter.com/BXif9oz242
— ABC News (@ABC) May 20, 2021
This mysterious shaking occurred on a “clear day with low winds and no recorded earthquakes”:
The tower started to shake on a clear day with low winds and no recorded earthquakes.https://t.co/dMBqv6EvcF
— Globalnews.ca (@globalnews) May 19, 2021
Nothing to worry about, right?
Shenzhen skyscraper inexplicably starts swaying.
File under: Things I Didn’t Know I Need to Worry About That I Now Worry About pic.twitter.com/j0UlMK8Cx3
— ian bremmer (@ianbremmer) May 19, 2021
The U.S. consulate is telling Americans to avoid the building:
U.S. consulate in southern China tells Americans to avoid a skyscraper in Shenzhen that mysteriously wobbled https://t.co/QpH9p1nkoK
— Bloomberg (@business) May 20, 2021
Chinese officials say the shaking was “caused by a combination of several reasons including strong winds, passing of subway trains and temperature”:
A preliminary report said the wobbling was caused by a combination of several reasons including strong winds, passing of subway trains and temperature, an official with emergency response authorities said today, adding that further study is ongoing. #Shenzhen #SEGPlaza
— Shanghai Daily (@shanghaidaily) May 19, 2021
Does anyone believe this though?
#Shenzhen government said yesterday the #SEGPlaza’s structure is safe. The ranges of the building’s vibration, inclination, and settlement are all well within limits, according to examinations conducted by several independent agencies.
— Shanghai Daily (@shanghaidaily) May 20, 2021
The shaking is still going on:
But another shaking happened at #SEGPlaza in #Shenzhen around 12:30pm today with several tenants saying they felt obvious shaking. The property management office has asked tenants on high floors to leave, Chinese media The Cover reported.
— Shanghai Daily (@shanghaidaily) May 20, 2021
Reminder: You cannot trust these experts:
Reality: 7000 state built schools in China collapsed in the 2008 Sichuan earthquake. #USvsChina http://t.co/ixxYtb2QWO
— Greg Pollowitz (@GPollowitz) May 13, 2015
And as for the infrastructure race, let’s hope we don’t waste as much money as China has been wasting:
Problem infrastructure in China's provinces can't be turned into healthy investments simply by relabeling their debts. There's no vanishing act for this off-balance sheet crisis, says @anjani_trivedi https://t.co/sN1KV8iBEH
— Bloomberg Opinion (@bopinion) May 20, 2021
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