China’s Manhattan Project Marred by Ghost Buildings

Discussion in 'China' started by Ray, Jun 27, 2014.

  1. Ray

    Ray The Chairman Defence Professionals Moderator

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    This will be a great dampener to the ego trips that the Chinese take of their copy cat capabilities and having the GREATEST, LONGEST, LARGEST, HIGHEST, BIGGEST, FASTEST etc of everything that is conceivable.

    Not withstanding, it will appear great for the GDP statistics and so the hapless Chinese can take heart.
     
    happy likes this.
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  3. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

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    when chinese will reach number one spot, they will start coming down cause there will be on one whom china can copy.
     
    lion likes this.
  4. jus

    jus Senior Member Senior Member

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    By fake buildings they created fake economy through fake jobs and finally one day the fake bubble will burst :taunt:
     
  5. ITBP

    ITBP Regular Member

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    :fu: I thought by ghost building in title, he was referring to haunted house. :scared1:

    Just building apartment is not enough, infrastructures should be also made.
     
    Last edited: Jun 29, 2014
  6. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    They are building a new city from scrap called Wushsn which costs around 230 billion dollars and the city under construction is having huge debts and may not even generate enough revenues as expected.There are many infra projects which can be called whilte elephatns all over china.
     
  7. shiphone

    shiphone Senior Member Senior Member

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    LOL..

    isn't this one of property of "碧桂园" group? .if you want to book a room in this so called "deserted hotel " or "ghost hotel" ,you may try this web..

    Ìì½ò±Ì¹ðÔ°·ï»Ë¾Æµê,Tianjin Country Garden Phoenix Hotel,¾ÆµêÔ¤¶©

    the room price varies between 418-820 RMB (66-140 USD) per night for a Quasi- 5 Star hotel...

    天津碧桂园凤凰酒店(准五星) Tianjin Country Garden Phoenix Hotel
    [​IMG]
    [​IMG]
     
  8. shiphone

    shiphone Senior Member Senior Member

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    LOL.. the "Conch Bay "(海螺湾) mentioned repeatedly in the news is a faked placedname with wrong pix...

    the only "Conch Bay "(海螺湾) in Tianjin city is a name of restaurant in downtown...I was in Tianjin for almost one year, never heard of any so called " development zone" named after Conch Bay "(海螺湾)
     
    Last edited: Jun 29, 2014
  9. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    US "Manhattan Project" was the the development of the atomic bomb during WWII, just to get that straight. That Bloomberg used the term in this article is ... strange. But so is Bloomberg.
     
  10. tarunraju

    tarunraju Moderator Moderator

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    I thought China was testing a breakthrough new weapon. Disappointed.
     
  11. rock127

    rock127 Maulana Rockullah Senior Member

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    Saw a small program some while back about the ghost cities of China.

    So why are they not occupied by people? Any Chinese can answer?
     
  12. no smoking

    no smoking Senior Member Senior Member

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    Failed commercial project;
    Broken cash flow;
    wrong strategy;
    worst of worse, expecting to sell at highest spot by holding it.

    Just like anywhere else, companies make wrong decisions.
     
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  13. tarunraju

    tarunraju Moderator Moderator

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    Is it because their credit lines are too easy to hold on to? Because ghost towns with skyscrapers (>100 m buildings) is only found in China. The reason why India doesn't have cities with sizable skylines is partly because no builder can sell the idea of spending >$100 million on a single structure to their financiers. The ones that do end up building tall structures do so literally against their current accounts.
     
  14. jon88

    jon88 Regular Member

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    Property glut or oversupply happens everywhere. I have seen in Malaysia, Thailand and even USA. I even remember the property glut in South Korea of the mid 1990s. China is also not immune to this and China's scale is bigger, naturally... whats the fuss?
     
  15. no smoking

    no smoking Senior Member Senior Member

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    In just 30 years, there were more 500 millions Chinese moving their home into cities, which means a huge boost to the profit of builders and their bankers. In next 20 years, there will be another 200-300 millions waiting to come in. With such a market boom record and prospect, it is quite natural that you can have easy credit line from the bank.
     
  16. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

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    Are you a chinese or malaysian under indian flag?
     
  17. jon88

    jon88 Regular Member

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    Indian living in Malaysia for the last 25 years
     
  18. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    Let's call it China's rotten Big Apple.
     
  19. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

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    hmmm. So that's why your views toward india resembles with condition of india which was 25 years ago.
     
  20. jon88

    jon88 Regular Member

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    Not really, I am in India once or twice a year for about a month mostly. And I travel to most Southeast Asian and East Asian countries every few years. My comments are based on my observations and comparison. That is why I am so critical of India sometimes because India have so much potential but yet nothing changes. Yes there are changes in developments but not as comprehensive as the other countries I visited. Comprehensive in the sense that development to rural areas and the poor part of society. I do hope that India becomes a much better place.
     
  21. Free Karma

    Free Karma Senior Member Senior Member

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    He is a false flagger, just go through his post history.
     

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