Chinese Ghost Cities

[boodles]

China has huge mega cities that are empty. Really blows my mind! For me the really amazing part is from about 5:00-8:00.

 

http://www.youtube.com/watch?feature=player_detailpage&v=InqAzvX6UrI

 

 

When I think about China I just see so many people who need to hear the good news.

Edited October 31, 2013 by boodles

[Miss Bea]

This was interesting. But, try as they may, who is to be the last world power? Not China, as they think they are moving toward that goal at break-neck speed. It all is soon to come to a screeching halt! Yes, according to Jehovah's time table. It will be okay. Jesus is in charge of the rescue effort, so all will be okay in the end.

[PottersClay]

Hmmm...somewhere for those millions of resurrected ones to live perhaps? Haha

[normadenardo]

Hmmm...somewhere for those millions of resurrected ones to live perhaps? Haha

 

.. didn't watch the video but hopefully not cooped up in high rise buildings

[Allabord4Jah]

I don't like cities.  They remind me of its founder - Nimrod. 

[Dustparticle]

This was interesting. But, try as they may, who is to be the last world power? Not China, as they think they are moving toward that goal at break-neck speed. It all is soon to come to a screeching halt! Yes, according to Jehovah's time table. It will be okay. Jesus is in charge of the rescue effort, so all will be okay in the end.

Yes, we are reminded 2 years ago that Anglo-American Power will be the last Superpower.

[Shawnster]

Good argument against overcrowding.  They build all these cities and nobody is there.  Apparently the Earth does have room for more than 7 billion people.

 

From another website

 

The fact that China has an unprecedented excess capacity glut, also known as an epic overinvestment/construction bubble, is by now well-known and acknowledged by even the most ardent Chinaphiles. Perhaps nowhere is China's outlier nature in this regard more obvious than in the following chart showing per capita cement consumption vs GDP.

Yet nowhere is China's historic misallocation of capital (resulting from a pace of credit creation that makes even the most fervent Keynesian western central banker green with envy) more evident and tangible, than in videos showing the tumbleweeds floating down the main streets of its ghost cities. We did that first in 2009, then followed up two years later only to find nothing has changed. Today, on yet another "two years later" anniversary, we go back to the scene of the excess capacity crime, to find out if thing may have finally normalized. For that we follow SBS' Adrian Brown who back in 2011 did an extensive report on what were some of the then unknown ghost cities dispersed across the mainland.

What we find is that not only is the overcapacity problem nowhere close to being resolved, but that 20 new "ghost" cities are taking shape in this year alone. Full video report after the jump (click for more).