China's Ghost Cities
 

An interesting watch

I'm getting de ja vu didn't you post something similar a couple weeks back :suspect:

I posted a news article about their economy, this is something different, on the same subject from last year :p

It's that long ago D:

Imagine being one of the first to move in, christ

How awesome would it be to shoot a horror movie there though haha

:laugh:


Sounds like those apartments will become worthless.

Six years on and it is still empty. :shocked:

Yes but thats what happens
They Build it
Markets Change
Greece pulls the World down



This is Normal.

Mothball is the new time
many Projects stay on hold
until Markets change.


Feel The Force.

how many Chinese people still live in Mud huts with no electricity and no indoor plumbing? THE VAST majority.

So why is it still empty? I thought they were sooo proud to be communist and socialist and providing for the people? so why would the economy matter? It's already been build, move them in.

This is interesting!

No its typical
in the current markets

Just because it's typical doesn't make it not interesting..

Quite simply, what they're building isnt what the majority can afford, it's a giant property bubble waiting to burst, and when it does, it'll make Europe's problems seem like a blip, they Chinese government are actively feeding the bubble

Thats insane D:

o.o

For over here, sure.


There in a Money Circle
Of course they have America that has to pay them Money back
in massive loans they gave to keep America going.

Greece pulled the world down? Not the excesses of unregulated capitalism leading on to oligarchy?

No Greece was Corrupted into the Euro
So the Germans protect it.


As for Capitalism - Show me something better & real
that works
or do not waste my time.

You don't really have a grasp on the world financial crash, do you?

How about regulated capitalism? That works much better, and remains a lot fairer. How about Companies making 10 billion a year, no longer feel the need to send jobs to the poorest parts of the world, just so they can make 11 billion a year?

Capitalism can have a role to play, but not when bankers can bet against their own investments and make more money doing that.

Yes I do.

As for regulated - It does not work.
Unless you can give a Real Working Example?

Bankers are changing
It takes time.


Sign Of The Times

Regulating doesn't work? That's just insane.

Bankers aren't changing, they have no need to. Not one banker has been prosecuted for their part in the world economy crash. Massive bonuses continue to be paid out and the government continue to protect them. That is not a culture in which bankers will ever change.

This thread is Not about Bankers.


And you need to give me a REAL working Example
of your views.