http://www.sbs.com.au/dateline/story/about/id/601007/n/China-s-Ghost-Cities?cid=23225
(26 March 2011)
CHINA NEW APARTMENTS AND CITIES: EMPTY ?!
Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.
It’s all part of the government’s efforts to keep the economy booming, and there are many people who would love to move in, but it’s simply too expensive for most.
Video journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings… 64 million apartments are said to be empty across the country and one of the few shop owners says he once didn’t sell anything for four or five days.
So are the efforts to boost the economy going to end up having the opposite effect and creating a financial crisis for China?
Also see video at:
http://www.sbs.com.au/dateline/story/watch/id/601007/n/China-s-Ghost-Cities
------------------------------------------------------------------------
China's Empty City
(10 Nov 2009)
Doubts remain whether strong economic growth in China can be sustained by public spending alone. China's economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585bn. But doubts remain whether such strong growth can be sustained by public spending alone.
Al Jazeera's Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty
http://english.aljazeera.net/news/asia-pacific/2009/11/2009111061722672521.html#
Comment:
ITS call investments. Its all about investments for the rich chineses. Its not for the ordinary layman. Look at how different a layman live and a rich chinese man live. Its expensive for sure, for a layman.
.
