Inside China's ghost cities | 60 Minutes Australia

[Get Ya Wig Split]

The great Chinese growth slowdown has been proceeding in stages for the past two years. The reason is simple. Much of China’s “growth” (about 25% of the total) has consisted of wasted infrastructure investment in ghost cities and white elephant transportation infrastructure.

https://www.zerohedge.com/news/2019-02-28/chinas-horizontal-skyscraper-nears-completion-video

This is why China will NEVER replace the US. Once the Chinese real estate bubble pops the shit show will begin.

 

[Get Ya Wig Split]

@F-22Raptor @undertakerwwefan

 

[Ryan]

The OP's video was actually made in 2013. In 2018 after 5+ years, one of field journalists made a retrospect view about the then so-called 'ghost town', which is essentially a temporary and relatively short phase of urban development. Let's hear what he(Wade Shepard) has to say:

China's Ghost Cities In 2018 -- What China's Abandoned Cities Are Like Today

 

[Yongpeng Sun-Tastaufen]

Build. Build. Build. That's real GDP.

 

[Sanchez]

Can US boys post pics of Detroit？Isn't it a ghost city now? Huston? And more wasted or ghost towns of the industrial US that it used to be?