on 13-04-2013 10:32 AM
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?
on 13-04-2013 10:34 AM
Icy I read about these 'ghost"cities in China a few years ago. It's so weird isn't it
on 13-04-2013 10:42 AM
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.
on 13-04-2013 12:10 PM
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!!
on 13-04-2013 12:12 PM
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
on 13-04-2013 12:20 PM
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
on 13-04-2013 12:50 PM
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.
on 13-04-2013 01:02 PM
Yet our government lets them buy as much of Australia as they can
Its called capitalism.The perfect system:-)
on 13-04-2013 01:22 PM
Icy I read about these 'ghost"cities in China a few years ago. It's so weird isn't it
sure is weird.