Author Topic: Don't believe everything you hear about how rosy it is in China!  (Read 612 times)

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Christians4LessGvt

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A Stunning Look At China's Ghost Cities

Australia's SBS Dateline filmed several ghost cities in a stunning 15-minute documentary

China's Ghost Cities and Malls
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

kimba1

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Re: Don't believe everything you hear about how rosy it is in China!
« Reply #1 on: March 29, 2011, 07:25:42 PM »
http://www.favstocks.com/worlds-biggest-property-bubble-chinas-ghost-cities-revisited-64-million-vacant-properties/2338581/

makes sense since thier is no accounting for how people can afford to live in these places. refrigeration,running water, electricity. these are things alot of folks don`t have in china and is not the poor.

Xavier_Onassis

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Re: Don't believe everything you hear about how rosy it is in China!
« Reply #2 on: March 29, 2011, 09:00:30 PM »
In a country of 1.3 billion country building furiously, there are going to be more than a few mistakes. Eventually, people will live in most of these places, and probably a lot of people who invest in these things will lose a ton of money.

This does not surprise me. The Miami area has a lot of small ghost malls, build with money invested by Venezuelans and other foreigners who were clearly not paying attention.

Probably these will not turn out to be nearly the disaster for as many people that the Great Leap Forward and the Cultural Revolution were.
"Time flies like an arrow; fruit flies like a banana."