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Hard to say. There are entire ghost cities in china because people cannot afford to live there. If an economy crisis hits china it’s possible that the entire wo
by holydude 9y ago
Hard to say. There are entire ghost cities in china because people cannot afford to live there. If an economy crisis hits china it’s possible that the entire world is in trouble (though not all countries). These things are hard to predict but china more or less uses local workers and materials. Only companies and people’s investments tied to those companies would in theory be in trouble.
- seanmcdirmid 9y agoThe ghost cities are more like ghost outlying districts of existing cities, and they are often heavily sold as speculation plays, so people own the apartments but few live there (Kangbashi in Ordos is a big example, being built up for 2 million, settling for 100k atm). They simply lack the jobs and facilities to attract people. Meanwhile, places where people want to live become increasingly congested. However, you’ll find ghost malls even in Beijing and Shanghai (unneeded retail space).
- igravious 9y agoThis again. Name even one. Point us to even one "entire" ghost city. Honestly, people will parrot any old thing that sounds dramatic without ever bothering to find out for themselves if it's true.
- seanmcdirmid 9y agoI doubt Kangbashi is ever going to fill up given how unpopular coal is becoming in china. They might be able to move it to a few hundred K by moving a bunch of government jobs there, but even Donald Trump as president couldn’t get to the few million they built for.