4 ms·
> China has ghost cities which they won't populate: the people for whom they were built can't afford to live there The cities aren't empty because of economic
by jack9 10y ago
> China has ghost cities which they won't populate: the people for whom they were built can't afford to live there
The cities aren't empty because of economics. This is not a big secret. They were built as part of a social plan, along with a nice boost to the economy since they are their own raw material supplier (steel in the US almost exclusively comes from China). The Chinese "ghost cities" are a complete nonsequitor in regards financial planning.
- unityByFreedom 9y ago> The Chinese "ghost cities" are a complete nonsequitor in regards financial planning. It costs money to build those cities, and nobody is living there to add to GDP. That definitely impacts their finances.