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Inside China's 'ghost cities' crisis
It's been said that even China's population of 1.4 billion couldn't fill all the empty homes. Many are high-rise apartments in gleaming new financial districts that initially failed to take off.
On Feb. 22, Stew Peters, a media personality, tweeted a compilation video of several high-rise buildings being demolished. “Remember all those massive newly built but uninhabited ‘ghost cities’ China ...
The construction boom that accompanied China's rapid economic rise sparked a wave of large-scale residential and commercial projects across the country. This gave rise to vast, under-inhabited ...
China’s ghost cities are far more common than one might think. Take the State Guest Mansions, a development envisioned as the palatial homes for the upper crust of society. Now their only residents ...
Overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam Adada How closely is demand for $3,000 handbags tied to home prices in China? Quite closely, it ...
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