Yes, and all that money spent on those building projects is on somebody/banks books.  I know they are not valuing the project to market, but to expectations or there would be a financial crash.  Hmmmmm.  Sounds a little like our banks still sitting on all the houses they had to take back after 2007. 

Why do you think the shipping index on raw materials is down like a clubbed seal.  (Can you tell I read Zero Hedge.lol.)  Steel, iron ore, copper, ect. are all in the dumpster.  Shipping companies are going bankrupt.  About 4,300 ships.  over 10% are setting idle.  Wow. 

People are counting the days until China has to start a QE program to keep their banks solvent. 

I guess it is a contest to see who can be the last man standing because we all have had bad books.