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China has been doing that for 3 decades. The target is a 60% urbanization rate. That's why there are so many "empty apartments". Because they are build and it t
by peroporque 6y ago
China has been doing that for 3 decades. The target is a 60% urbanization rate. That's why there are so many "empty apartments". Because they are build and it takes a year or two to fill them up, so it looks like they are "empty". I lived in two such developments during the years that I lived in China. It's interesting to see the policies used to fill them. And to come back to the place a year later, when it is crowded.
- dragonelite 6y agoMost developed nations have like a urbanization rate of at least 80+%. To reach developed nations urbanization rate china would need to move like 300 million people into urban areas, doing some quick maths.