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:
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| How weird is this one, a mini-Switzerland |
12 comments:
Wow, reminds me of something I saw or read about the UN's Agenda 21. It is creepy.
Ah yes, the success of beauricratically controled supply an demand.
We can't "86" the UN fast enough~
I love ghost towns too, but those that aren't lived in are double weird.
Talking about central planning, it really burns my grits that the UN and certain central monetary entities like the World Bank and IMF seem to dictate how and where out military is used. Think about it, our country is not really sovereign as our leaders give deference to these groups and give them all the money and guns they ask for.
Amen
This was all probably paid for with all the money we send to China, not only do they make all the stuff we use, but we give them a buttload of 'foreign aid' even as they charge us interest to 'borrow' from them.
Very creepy, probably preparation for the zombie apocolypse.
Maybe instead of putting us in FEMA camps, dissidents will be living in a Chinese work-town.
We're offshoring everything - why not prisons?
Ready, waiting, silent, watching.
I've been watching this for a while. I think China is heading down the same road we did. In 30 years India may become the the world power, they have a much less Keynesian approach.
I wonder how those buildings are going to stay maintained if they are empty. Does each one have a building manager and team living inside? Or are they really empty? Because with that much unused real estate, it's going to start falling apart real fast.
linking this:
http://therepublicanmother.blogspot.com/2011/10/rule-5-sunday-detox-link-up.html
Thanks Mom!
And Trestin, I agree with you... the Indian economic model is indeed superior
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