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Date: 05/14/11 02:31 PM

49 Responses to China`s Ghosts Cities And Malls

  1. Profile photo of Bjarki
    Bjarki Male 18-29
    61 posts
    May 5, 2011 at 3:42 pm
    Link: China`s Ghosts Cities And Malls - Building for the sake of building? Who knew China had such a big ghost problem.
  2. Profile photo of goaliejerry
    goaliejerry Male 30-39
    4017 posts
    May 14, 2011 at 2:50 pm
    I heard about this over a year ago. China builds these massive, pre-planned communities, repleat with modern, brand new housing, commercial districts, and industry. But people just aren`t relocating to them yet. Makes you realize Chinas GDP numbers are somewhat inflated, because the production is forced by the government and not by the market. As a result, yes, they are productive, but they are producing CITIES NO ONE LIVES IN.
  3. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    May 14, 2011 at 2:55 pm
    Reminds me of the Dubai speculators around 2006. House prices went up 70% every year.

    My Dad`s place went from being worth $350K to being worth $10M in about 7 years. Everyone made a big deal of the crash in 2007/8 but nobody seems to understand the intricacies of this market.

    Seems to me that China`s housing bubble will collapse, but once it does, the actual lives of the poorer communities in China will be able to take advantage of all that`s left, which is what happened here.

    House prices down by 75%, various large entities cried, many lost jobs, but all of a sudden, people from 3 neighbouring states could afford to live in Dubai again, and flooded back.

    Occupancy barely changed.
  4. Profile photo of Hemtroll
    Hemtroll Male 18-29
    363 posts
    May 14, 2011 at 2:57 pm
    Great find, I am no longer bored!
  5. Profile photo of wootwootman
    wootwootman Male 13-17
    11 posts
    May 14, 2011 at 3:01 pm
    can`t wait for the upcoming chinese revolution
  6. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    May 14, 2011 at 3:02 pm
    Just to clarify, look at an example like JBR in Dubai. There was an extremely poor article in the economist talking after the crash about how JBR was "down to 12% occupancy".

    JBR never had more. Speculators had bought out entire floors, and were refusing to rent them out (if you rent them out, you limit their price from that point on to a % of that price).

    It was only after the crash that the speculators realized how stupid they were to expect house prices to continue to double for more than 7 years when we were already paying $500K for a 300 sq ft apartment.

    It was only then that people could actually start buying again.
  7. Profile photo of IceDragon77
    IceDragon77 Male 18-29
    490 posts
    May 14, 2011 at 3:52 pm
    So, who is ready for the Chinese Revolution?! Wait, that would mean that things made in china would stop being produced.. well, there goes 90% of walmart`s goods. o.=.O
  8. Profile photo of Imikulate
    Imikulate Male 13-17
    12 posts
    May 14, 2011 at 4:10 pm
    An excellent example of the cons that come with a command economy. Government sees bad housing, so it builds good houses, but the people can`t afford these houses!

    I`m no expert but the best thing to do would probably be to transition to more of a mixed economy. The bubble would explode, people could afford these homes, and future houses would be built to be sold at a more appropriate price. Yes it would slow economic growth but it would be better in the long run. And as wealth increases, people who be able to afford nicer house and so forth.
  9. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 4:32 pm
    This was really interesting but not surprising. China has constantly played with what I call empty shirt economics.
  10. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36866 posts
    May 14, 2011 at 4:33 pm

    "Great Mall of China" HAHAHAHAHAHA good one!

  11. Profile photo of SvampeBob
    SvampeBob Male 18-29
    3076 posts
    May 14, 2011 at 4:39 pm
    prof that capitalism doesn`t work...
  12. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 4:48 pm
    SvampeBob "prof that capitalism doesn`t work..."

    I`m guessing that word was supposed to be "proof". This isn`t an example of capitalism in any sense of the word.
  13. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    May 14, 2011 at 5:03 pm
    Whilst it`s not true that this isn`t an example of capitalism in *any* sense of the word, this really isn`t even a vaguely good example of capitalism gone wrong.

    Let alone proof.

    The one aspect you can draw from it though is "market speculation bad".
  14. Profile photo of mykunter
    mykunter Male 40-49
    2424 posts
    May 14, 2011 at 5:21 pm
    @SvampeBob:
    Umm, that`s not capitalism... their government is doing this. Capitalism is an economic system in which the means of production are privately owned and operated for profit.
  15. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 5:45 pm
    @Baalthazaq
    I don`t even think this is market speculation. This is building for the sake of building. Market speculation would at least include that the think people would buy it. What they`re doing is building, knocking back down and building again. It`s absurd.
  16. Profile photo of NitroJunkie
    NitroJunkie Male 70 & Over
    758 posts
    May 14, 2011 at 5:46 pm
    So, I know now where I want to go. A whole city essentially to myself...I like the sound of that. A lot. It`ll be like I Am Legend, or I was left out of the Rapture...
    Come to think of it, who wants to make a post-rapture movie with me? Or some Fallout LARPing?
  17. Profile photo of RETARDEDBEAR
    RETARDEDBEAR Male 18-29
    437 posts
    May 14, 2011 at 7:21 pm
    "Market speculation would at least include that the think people would buy it."

    China operates a socialist market driven economy. Prices are controlled by a "free" market, but industry is still owned by the government, as opposed to a country like Russia, where prices are controlled by the government.
  18. Profile photo of tlshaman
    tlshaman Male 13-17
    378 posts
    May 14, 2011 at 7:31 pm
    A great location for a movie set
  19. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 7:56 pm
    retardedbear "China operates a socialist market driven economy. Prices are controlled by a "free" market, but industry is still owned by the government, as opposed to a country like Russia, where prices are controlled by the government."


    It`s not a free market if it`s not driven by demand.
  20. Profile photo of rebetikas
    rebetikas Male 30-39
    213 posts
    May 14, 2011 at 8:16 pm
    Your hard-earned tax dollar loan-repayments at work.
  21. Profile photo of RETARDEDBEAR
    RETARDEDBEAR Male 18-29
    437 posts
    May 14, 2011 at 8:41 pm
    "It`s not a free market if it`s not driven by demand."

    Hence why I put "free" in quotation marks.
  22. Profile photo of handys003
    handys003 Male 50-59
    2402 posts
    May 14, 2011 at 9:37 pm
    Yes the BS that China`s government portrays. Diverting real problems by creating a false construction industrial economy to satisfy the masses with work. However the construction workers can`t afford the housing.

    Just like the douchebags who perpetuated the mortgage credit default swaps and in essence creating a false construction bubble. The Chinese are doing the same. They learned how to con the masses well from the capitalist con artist.
  23. Profile photo of last1in
    last1in Male 18-29
    260 posts
    May 14, 2011 at 9:45 pm
    Agreeing with others... Yes, a perfect movie set, and the PERFECT paintball arena! An entire city!
  24. Profile photo of LazyMe484
    LazyMe484 Male 18-29
    10441 posts
    May 14, 2011 at 10:27 pm
    Something needs to change in China.

    I really think a revolution would be... interesting. I won`t get my hopes up just yet.

    Their government is spurring artificial growth for the sake of growth. Building projects that will be unused. What sort of investment is this, if so few end up using it?

    ... also it is important to note that manufacturing power has exceeded the US, but the actual Chinese GDP is actually still less than half of what the states have, and close to a third that of the EU.

    And to what end? What are the goals of the Chinese government? The well-being of it`s own people is not much of a priority.
  25. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 10:32 pm
    @LazyMe484
    Amen. They`re not just artificially inflating this for nothing. They`re also keeping their own currency down. China scares the hell out of me because I think they`re trying to ruin the worlds economy.
  26. Profile photo of dragosal
    dragosal Male 18-29
    1630 posts
    May 14, 2011 at 10:39 pm
    definately perfect paintball arenas. that mall would be INSANE. but i dont understand how they think these cities are good ideas. i may be wrong but arent many of china`s citizens still dirt poor and hardly educated? forgive me if i am a product of poor world studies classes
  27. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 10:53 pm
    @dragosal
    Yea, they are a bad idea if you looking for a functional society. But, I don`t believe that`s what they`re going for. China has a lot of brilliant people in it. Artificially inflating their GDP brings in investors. When it blows up, if they have a big enough place in the market, it brings everything down. It won`t affect them as much because they control their own economy.
  28. Profile photo of techgeek07
    techgeek07 Male 30-39
    2593 posts
    May 14, 2011 at 10:55 pm
    As a last rant, we need to get them OUT of our markets, NOW.
  29. Profile photo of TokioKoos
    TokioKoos Female 18-29
    412 posts
    May 15, 2011 at 2:22 am
    In Holland, those buildings would be full of squatters in a matter of weeks.
  30. Profile photo of tuapui
    tuapui Male 18-29
    94 posts
    May 15, 2011 at 3:10 am
    great training area for urban warfare!

    battlefield 3!
  31. Profile photo of handys003
    handys003 Male 50-59
    2402 posts
    May 15, 2011 at 3:11 am
    @TokioKoos
    With 64 million vacant homes you could put all of Holland in new housing.

    Hey here`s an idea for the Chinese. Why don`t we just get all the Senior retirees from USA to move in. Just like ex-Pats from around the world in Central America and Thailand.
  32. Profile photo of mrrossh
    mrrossh Male 18-29
    74 posts
    May 15, 2011 at 3:48 am
    If China is still practising it`s "one child" policy, then the population will not increase, and all this will go to waste.
  33. Profile photo of kairobert
    kairobert Male 18-29
    1623 posts
    May 15, 2011 at 4:19 am
    "An excellent example of the cons that come with a command economy. Government sees bad housing, so it builds good houses, but the people can`t afford these houses!"

    The command economy goes this way only because the government is inefficient and because market economics are obsolete.
    The pros of a command economy can be vast, but it all depends on the commander.
  34. Profile photo of HalfPintRoo
    HalfPintRoo Female 18-29
    2765 posts
    May 15, 2011 at 6:06 am
    so, they build homes the majority of people can`t afford and then plan on demolishing the homes they are in now to build more homes they can`t afford, leave many homeless and the new homes empty.

    Boy, I know we have an issue here with spending money we don`t have, but I`d rather be in this mess then that mess.
  35. Profile photo of handimanner
    handimanner Male 60-69
    2095 posts
    May 15, 2011 at 6:49 am
    Everything that`s wrong and wasteful about mankind
  36. Profile photo of Jowsh
    Jowsh Male 18-29
    1237 posts
    May 15, 2011 at 7:06 am
    Homelessness is so shameful with stuff like this in the world. Just like famine. There is no need for anyone to strarve or be homeless and yet they are major issues. As Jarvis roosterer wisely put it, c*nts are still running the world
  37. Profile photo of Jowsh
    Jowsh Male 18-29
    1237 posts
    May 15, 2011 at 7:08 am
    I can`t believe is censored that... Jarvis C o c k e r the musician! Swear filter on this site defines pointless!
  38. Profile photo of kribbe
    kribbe Male 18-29
    2006 posts
    May 15, 2011 at 9:52 am
    really, an apartment block designed for 12 million people? you can fit the whole population of Sweden there, giving one apartment per person, and still have loads of empty apartments left.
  39. Profile photo of ruthless1990
    ruthless1990 Female 18-29
    3001 posts
    May 15, 2011 at 9:53 am
    blah blah blah boring boring boring
  40. Profile photo of 5Cats
    5Cats Male 50-59
    33142 posts
    May 15, 2011 at 9:56 am
    If you made this up, NO ONE would believe it! But there it is! You can find these `cities` for yourself on Bing & Google Maps, eh?
  41. Profile photo of 5Cats
    5Cats Male 50-59
    33142 posts
    May 15, 2011 at 9:58 am
    Oh, CONSPIRACY THEORY:
    Various `secret societies` built these cities for when everything collapses in Europe and America, 24 million rich people will simply move in!
  42. Profile photo of kimkio
    kimkio Female 18-29
    877 posts
    May 15, 2011 at 12:41 pm
    i can`t believe they keep building even though the whole city is too expensive for people to live in.
    the city is deserted for god`s sake. 14 million rich people won`t suddenly be summoned to live in there. why do they keep building there?

    and it`s a shame how disturbingly obvious is inequality between people in this world
  43. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25420 posts
    May 15, 2011 at 2:23 pm
    Wow, how come the hobos have not moved in
  44. Profile photo of Altaru
    Altaru Male 18-29
    3483 posts
    May 15, 2011 at 6:25 pm
    Did anybody else catch Lady Gaga`s "Bad Romance" playing around 10:30?

    And that would be AMAZING for paintball or any of those types of games.
  45. Profile photo of 5Cats
    5Cats Male 50-59
    33142 posts
    May 15, 2011 at 6:42 pm
    Wow, how come the hobos have not moved in?
    Good question! The answer is that Chinese Police would just shoot them. If they`re lucky. Un-lucky hobos would end up in prison for a very long time. Unless they were selected for `organ harvest`. You DO NOT WANT to be in a Chinese prison!

    Besides, there`s no food in these Ghost Cities, the hobos would starve!
  46. Profile photo of Kaizer250
    Kaizer250 Male 18-29
    777 posts
    May 15, 2011 at 7:18 pm
    I hope they don`t get in trouble for criticizing their government.

    That`s just a no-win situation. Unless you`ve got lots of money, there`s no way it can be changed for the better.
  47. Profile photo of buttsdowhat
    buttsdowhat Female 18-29
    374 posts
    May 16, 2011 at 1:49 am
    This is crazy. And it`s very sad to me that there are millions of empty homes while couples have to live in one room and only get to see their child once a year.
  48. Profile photo of Garu
    Garu Male 30-39
    562 posts
    May 16, 2011 at 2:26 am
    Well, you know how those Asians love baseball. Maybe they just watched Field of Dreams, one too many times. "If you build it, they will come".
  49. Profile photo of uhmerikin
    uhmerikin Male 18-29
    876 posts
    May 17, 2011 at 9:23 am
    Altaru - I was thinking that same thing! That place would be pretty kickass for paintball.

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