Skip to comments.Another Ghost Town in China, This Time a Replica of Manhattan
Posted on 06/28/2014 1:14:07 PM PDT by Kaslin
Malinvestment in China proceeds at a staggering pace. Technically, this growth adds to GDP, but eventually it will be written off.
Ghost cities, ghost malls, and empty train stations in China have been in the news for years. The world's largest mall is unoccupied and entire cities sit vacant.
(Excerpt) Read more at finance.townhall.com ...
Would they like to volunteer them as shelters for underage Guatemalans?
You build things from the “bottom up” and not the “top down”. That’s the key difference in what China is doing as compared to what the USA has done over the decades.
With China attempting to rush things and get it done quickly, they build an empty facade and think that it’s success. They’ve got it all wrong. That’s why they’re going to implode on their economy. They’ll survive, but it won’t be a pretty picture in the meantime.
Got to get all the peasants out of the suburbs and into high-rise containment facilities.
China’s version of crony capitalism.
It’s just so stupid on the surface that I’m tempted to look for some larger, underlying rationale, such as existing cities being laid waste somehow. Are these “ghost cities” well inland?
The U.S. would have employed those defacto carbon credits for something productive.
There are 1.2 billion Chinese in China.
Just because some place doesn’t currently have a bunch of people in it, doesn’t mean anything.
The ChiComs are just getting ready for the next big war. When their big cities get nuked they have ready built spare ready to fill.
those places if they ever need working infrastructure, sitting around not being used and maintained, it’s gonna fail big time.
these vacant places can be nuked too.
Some people have suggested this in the past. If you suspect that you will need a city in a hurry the best thing to do would be clear and lay out the building site but the moment you put a building up it begins falling down. Unless they have filled the ghost city with maintenance crews these cities, that were build up to ten years ago, are a waste.
We are house hunting at the moment, a house that has been empty a year or more has problems. The longer it has been empty the more problems there are.
Raccoons tear the roof off. After that, it’s all downhill.
An empty house goes down, true.
The reason these cities sit empty is because the middle class in China is not growing nearly as fast as they thought...
Large amounts of the population are living in non-capitalist zones (communist) and have no opportunity to move up in status to afford to live in these cities...
China is putting the cart before the horse...
China’s one-child policy over decades have killed all the residents that would have lived in these ghost cities.
The U.S. on the other hand has likely killed the scientist that would have found the cure for cancer and aids.
This is pretty much what Dubai has done. It is a city filled with breathtaking architecture that stands 80% unoccupied.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.