China's Ghost Cities Fuel Boom-To-Bust Fears

Discussion in 'China' started by Ray, Nov 26, 2011.

  1. Ray

    Ray The Chairman Defence Professionals Moderator

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    This is what is the scary part:

    If the bubble bursts on a nationwide scale, it could be disastrous, not just for China, but for global economic recovery.
     
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  3. cir

    cir Senior Member Senior Member

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    It is Kangbashi again! And again!!

    The story has be on and off for years. Can't the western press come up with the name of another city that might remotely be called a "ghost" city?

    Kangbashi is a district of Erdos, which though quite rich with 2010 per capita GDP over 20,000 US dollars, is a 3rd or 4th tier city in the Inner Mogolian autonomous region of China.

    Modelled on Tongzhou of Beijing, the Pudong New Area of Shanghai and the Baoan District of Shenzhen, Kangbashi is a city still in the making. Its future development can't judged by present-day short-sightedness for which the western thinking is so renown. We are in this for the long term.

    Anyway, the city government will move in when all the infrastrcture necessary for its funtioning is in place.

    That's at least 100,000 people moving in.
     
  4. asianobserve

    asianobserve Elite Member Elite Member

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    (article posted as new thread)
     
    Last edited: Nov 26, 2011
  5. Ray

    Ray The Chairman Defence Professionals Moderator

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    Yes Kangbashi is there again.

    Must be another showcasing that China does which has caught the world's gaze.

    What is important is not it being a ghost city, but that if it collapse along with such ghosts, then the world too will be affected.

    We wish you all the very best to make Kangbashi and others Phantom - the Ghost Who Walks!
     
    sesha_maruthi27 likes this.

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