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I guess you would trust Bloomberg: https://www.bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up https://
by keybored 2y ago
I guess you would trust Bloomberg:
https://www.bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up https://www.bloomberg.com/news/features/2021-09-01/chinese-g...
Or via Wikipedia since it’s paywalled:
https://en.wikipedia.org/wiki/Underoccupied_developments_in_China#:~:text=Bloomberg%20also%20reported%20in%202021,when%20it%20came%20to%20urbanisation. https://en.wikipedia.org/wiki/Underoccupied_developments_in_...
Google "critical media analysis".
- WalterBright 2y agoThe ghost cities have attracted residents over time, but they're still mostly empty. Constructing buildings that sit vacant for a decade or more is not very efficient - and the buildings depreciate with age whether they are occupied or not. Gluts and shortages are endemic to centralized economic planning.
- keybored 2y agoYou’ve moved the goal post/claims from “completely vacant” to being vacant for a long while and depreciating.
- WalterBright 2y agoYes, they were completely vacant for many years. There's nothing efficient about that.