Chinese Ghost Cities

One thing that has been consistent across my Chinese travels, and always amazes me, is the sheer volume of new, large scale property developments being built. Whether in Xinjiang province in 2012, or Jiangsu province in 2018, the skyline in many places is dominated by 30+ storey buildings in various stages of completion. Many international finance groups believe this is fueling a record amount of debt within China as the Chinese government spends heavily to create these new dwellings to create jobs. In many cases they build these new areas, suburbs and sometimes entire new cities with no demand. Search online and you can find many reports of people walking through entire cities complete with parks, train stations and shopping malls that are all completely empty. Some of these cities do eventually fill up with people although it is often as a result of generous incentives from the government.

https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186

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