topic Re: China's Ghost Cities in Community Spirit

China's Ghost Cities

icyfroth — Sat, 13 Apr 2013 00:32:25 GMT

Is this what we're denuding our forests, poisoning our waterways and making lunar landscapes of our country for?

So we can supply China with raw materials for this sort of construction?

"The most populated country in the world is building massive urban centres with no one in them. Ghost cities complete with shopping centres, public buildings, hotels and apartment blocks sit dormant across China."

http://au.smallbusiness.yahoo.com/news/a/-/16682653/chinas-ghost-cities/

"In one of these cities, Chenggong, over a hundred-thousand new apartments were built but remain largely unoccupied, six lane highways lay almost untouched by rubber and enormous office buildings stand hungry for the hum of workers."

"It’s like walking into a forest of skyscrapers, but they’re all empty," Tulloch says of the ghost city.

"It can't stay this way because we're in the upswing of a bubble, and when the bubble bursts, it will impoverish vast numbers of people."

What does this mean to the Australian economy?

Re: China's Ghost Cities

debra9275 — Sat, 13 Apr 2013 00:34:09 GMT

Icy I read about these 'ghost"cities in China a few years ago. It's so weird isn't it

Re: China's Ghost Cities

lakeland27 — Sat, 13 Apr 2013 00:42:55 GMT

this type of developement is a by-product of china's banking and fiscal laws i read. there is a limit to how much a chinese investor or company can spend overseas, so they build in the hope someone will live there one day. the money might be better spent on the large number of disenfranchised homeless men they have in some of the other parts of china.

Re: China's Ghost Cities

catsnknots — Sat, 13 Apr 2013 02:10:32 GMT

I find it really weird...

I would think that people crammed into tiny apartments would look forward to moving into new and more open places...

Apparently not!!

Re: China's Ghost Cities

debra9275 — Sat, 13 Apr 2013 02:12:38 GMT

it's a bit like a false economy isn't it?

Cats. I don't think it's by choice, many wouldn't be able to afford living in those cities and they're not giving them away

Re: China's Ghost Cities

meh_too — Sat, 13 Apr 2013 02:20:45 GMT

this type of developement is a by-product of china's banking and fiscal laws i read. there is a limit to how much a chinese investor or company can spend overseas, so they build in the hope someone will live there one day. the money might be better spent on the large number of disenfranchised homeless men they have in some of the other parts of china.

Yet our government lets them buy as much of Australia as they can

Re: China's Ghost Cities

lakeland27 — Sat, 13 Apr 2013 02:50:41 GMT

Yet our government lets them buy as much of Australia as they can

its only a small percentage really. the news services beat it up to upset people . australian governments of all persuasions do it.

Re: China's Ghost Cities

spotweldersfriend — Sat, 13 Apr 2013 03:02:31 GMT

Yet our government lets them buy as much of Australia as they can

Its called capitalism.The perfect system:-)

Re: China's Ghost Cities

freakiness — Sat, 13 Apr 2013 03:22:20 GMT

Icy I read about these 'ghost"cities in China a few years ago. It's so weird isn't it

sure is weird.