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China's White Elephant Projects Emerge

When officials reopened the airport on the sparsely populated Dachangshan island off China's north-east coast after a $6 million refurbishment in 2008, they planned to welcome 42,000 passengers in 2010 and another 78,000 in 2015. However, fewer than 4,000 passengers - or just a 10 a day - passed through its gates in 2013, data from China's civil aviation authority showed. Since February last year, China has approved at least 1.8 trillion yuan ($290 billion) in new...

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