![](http://cdn.i.haymarketmedia.asia/?n=finance-asia/content/jiaozhou-bay-bridge.jpg&w=440&c=0)
Jiaozhou Bay's bridge to nowhere. Can China afford more such follies?
Fixed-asset investment has been a key driver of China’s economic growth and will remain so in 2013, but the government will find it increasingly hard to sustain its ambitious building projects.