China’s eerie ghost cities a ‘symptom’ of the country’s economic troubles and housing bubble
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Fancy villas, high-rise apartment blocks, lakes, parks and sprawling road networks: Ghost cities in China have it all. Just one crucial element is missing — the people.
Built for a population that never came, about 50 of these surreal sites lay desolate across the country. But still the construction continues.
These new cities are usually built in rural areas on the outskirts of existing cities.
Designed for populations numbering in the hundreds of thousands, the mass construction projects can include towering high-rise condominiums, huge shopping centres, city squares, street lights and replicas of cities in Europe and elsewhere.
Dinny McMahon, author of China’s Great Wall of Debt, explaine… Continue Reading (6 minute read)