It’s well known that the Chinese Communist Party (CCP) has long been obsessed with building various “vanity projects,” pouring astronomical amounts of money into them. Each year, China invests up to 50 trillion RMB in infrastructure, consistently setting new world records in construction. The latest data shows that in 2024, China’s total fixed asset investment (excluding farmers) reached 51.4 trillion RMB, a 3.2% increase from the previous year. Among this, infrastructure investment grew by 4.4%, excluding fields like electricity, gas, and water.
However, while the world marvels at the scale and speed of these mega-projects, many overlook a harsh reality: Many projects, often costing hundreds of billions or even trillions, end up yielding minimal returns once operational and even become heavy financial burdens for local governments.
Let’s take a look at the top ten most expensive “vanity projects” in China, as listed by online commentators.
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