Over 65 M completed new homes sit unused in China,
along with public buildings/accompanying infrastructure...
If the Chinese property bubble pops... what then?
But satellite pictures taken earlier this year revealed that China's odd unused-housing stock glut has only gotten worse, if anything: they indeed built it, yet nobody came as of yet. The photos betrayed dozens of newly-erected 'ghost-towns' that have resulted from Beijing's communist leaders' insistence upon building "20 cities a year for the next 20 years"- as recently announced in the government-controlled Chinese newspapers.
I myself have always enjoyed exploring ghost towns of the American west, those crafted by enterprising pioneers whose time had passed on-by. How more opposite could it be then, the Chinese predicament brought about by government bureaucrats in a far-away capitol crafting soulless cement apartments for towns who's time has yet to arrive... if ever:
|How weird is this one, a mini-Switzerland|