February 18, 2014

FLASHBACK: China's Ghost Towns: New Satellite Pictures Show Massive Skyscraper Cities Which Are STILL Completely Empty! Re-Post From 6/21/11

Oh WOW!!! I wish I could show you the pictures but The Daily Mail UK has them protected. So please click the article link below to view the pictures. This is actually really creepy. After reading the article and pondering the why's, it dawned on me, mostly everything about their economy is an illusion of grandeur. Their currency is funny money. They have been buying up the world's natural resources. Now I know where they've been using those natural resources.

I'm wondering if they know something they are anticpating to happen to the west? Perhaps they are expecting an influx of immigrants and they are preparing.

I don't trust the Chinese government at all. They do business with every iron-fisted dictator all over the world and keep them in power by making arrangements to buy their natural resources at bargain prices and in exchange for the cheap prices the Chinese government protects them by using their veto power at the UN Security Council and keeping them financially stable! Something's up! It'll come to me later.

My friend Russ compared these empty China cities to ours as in Detroit, Michigan's wasteland. But I replied to him that our cities in the US were once inhabited and have now been abandoned. These urban and metropolitan developments in China are brand spanking new and sitting vacant for years. They're beautiful now but will eventually become dilapidated. What a waste of time and money. This article has several pictures of these ghost cities. You should take a look.

My friend Monika's husband gave an excellent summation @Joseph wrote: "China’s government is obsessed with continued GDP growth, resulting in 10 new cities being erected every year. It makes their economy look artificially good."


The Daily Mail UK
written by Staff
Sunday June 19, 2011

As sprawling housing developments and skyscrapers in one of the world's most populous countries, these tower blocks and recently-built neighbourhoods should be busy and swarming with people.

But on closer inspection these stunning pictures show elaborate public buildings and open spaces which are left completely empty.

The most recent pictures of unused housing emerged as China announced plans to build 20 cities a year for the next 20 years

And despite pictures last year showing some of the reported 64 million empty homes, Chinese authorities have since erected masses more buildings.

Gillem Tulloch, an aanlyst for Forensic Asia Limited, described one of the areas in Chenggong, as a 'forest of skyscrapers'.

When asked what has happened in the past six months since the ghost cities were built, he said: 'China built more of them.

'China consumes more steel, iron ore and cement per capita than any industrial nation in history

'It's all going to railways that will never make money, roads that no one drives on and cities that no one lives in.

'It's like walking into a forest of skyscrapers, but they're all empty.'

Chinese government think tank have warned that the country's real estate bubble is getting worse, with property prices in major cities overvalued by as much as 70 per cent.

Tulloch said that apartments in Chenggong, a fishing village near Hong Kong, were selling for up to $80,000.

He added: 'People there were joking that no one in Denaya could afford to live there. If these apartments sell at all, it is to speculators.'

Of the 35 major cities surveyed last year, property prices in eleven including Beijing and Shanghai were between 30 and 50 per cent above their market value, the China Daily said, citing the Chinese Academy of Social Sciences.

Prices in Fuzhou, capital of the southeastern province of Fujian, had the worst property bubble with average house prices more than 70 per cent higher than their market value, according to the survey conducted in September.

The average price in the 35 cities surveyed was nearly 30 per cent above the market value, the report said.

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