STIMULUS: Forget Ghost Cities, China Builds 10-Billion-Yuan Replica Titanic.

According to Google Translate, it’s part of a Chengdu tourism project which “will also present the first giant man-made sky waterway commercial street, the world’s first interactive high-tech three-dimensional theater cinema, the largest salt brine hot springs in Asia and other products.”

This Titanic appears to be land-based and at very little risk of sinking — unlike many of China’s state-directed investments.