From the Chinese Press

Stop wasting public funds

A building in Binzhou, Shandong province, was designed to look like an aircraft carrier and become a modern landmark in the city. But because of bad management, it has turned into a "cement lump". Local governments should work out foolproof plans before executing them and stop wasting precious public funds on building meaningless "landmarks", says an article in China Youth Daily. Excerpts:

The local government built the "aircraft carrier" building in 2003 at a cost of 120 million yuan ($19.6 million) and intended to make it a "creative tourist attraction", with hotels, restaurants and entertainment centers. But with the passage of time, the flow of people into the building ebbed, and since 2009 it has become a "ghost complex".