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> like Kangbashi in Ordos a random search yields https://asia.nikkei.com/Spotlight/Society/China-s-largest-ghost-city-booms-again-thanks-to-education-fever htt

• onlyrealcuzzo 3y ago
  An even quicker search yields a population of 100k (even by China's numbers) - when it was planned for 1M: https://en.wikipedia.org/wiki/Kangbashi_District https://en.wikipedia.org/wiki/Kangbashi_District I guess if you consider (optimistic) 10% occupancy rates a Boom Town, then - yeah - maybe there aren't any Ghost Towns in China. Kangbashi cost $161B. Forest City cost $100B and it'll probably be a decade before they get the funding to finish it, and then probably a decade after that before it gets to 25% occupancy (optimistic). Who knows how many other $20B+ investments will be sitting at <20% occupancy for decades - and at least the ones in China are unlikely to ever get higher than that (since population is rapidly declining).
  • est 3y ago
    > yields a population of 100k (even by China's numbers) - when it was planned for 1M The Kangbashi was empty only because the "old Ordos city" was supposed to move there. https://en.wikipedia.org/wiki/Ordos_City#Administrative_subdivisions https://en.wikipedia.org/wiki/Ordos_City#Administrative_subd... Ordos itself had a population was 2,153,638 as of the 2020 census. The planned 1M was not that exaggerated