Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.
It’s all part of the government’s efforts to keep the economy booming, and there are many people who would love to move in, but it’s simply too expensive for most.
Video journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings… 64 million apartments are said to be empty across the country and one of the few shop owners says he once didn’t sell anything for four or five days.
So are the efforts to boost the economy going to end up having the opposite effect and creating a financial crisis for China?
Related articles
- China’s Ghost Cities… Are Multiplying (zerohedge.com)
- Ghost Cities – China (disclose.tv)
- A tale of two nations and two different maladjustments / economic perversions – first in the US , a look at how the food stamp program has devolved ( as discussed , perversion include excess food stamp selling at the end of the month , as well as JP Morg (fredw-catharsisours.blogspot.com)
- The Creepy Beauty of China’s Totally Uninhabited Cities (mentalfloss.com)
- Adrian Brown just toured some of China’s ghost cities (sbs.com.au)
- Rolls-Royce Canton Glory Ghost revealed at Auto Guangzhou (worldcarfans.com)
- Urban Growth: China’s Empty Cities [VIDEO] (sustainablecitiescollective.com)
- Australian Journalist Who Reported On China’s “Ghost Cities” Goes Back Two Years Later (minx.cc)
- ZeroHedge: China’s Ghost Cities… Are Multiplying (silveristhenew.com)
the news network 