CW.382.VIKING BOER – CHINA WATCH – China’s Ghost Cities

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CW.382.VIKING BOER – CHINA WATCH – China’s Ghost Cities
Inside a Chinese Ghost Town of Abandoned Mansions

Feb 19, 2024 #China #RealEstate #WSJ
China’s property crisis is expected to get worse as sales of new homes plummet and indebted developers struggle to find funds to complete projects. Real estate giant Evergrande was recently forced to liquidate as more than 50 housing developers have defaulted on their debts in recent years.

WSJ’s Jonathan Cheng travels to an abandoned “ghost town” in Shenyang City built by the Greenland Group to explain how China’s real-estate slump has become a headache for the government.

0:00 Empty homes in China
0:30 The Greenland Group
1:19 Inside an abandoned showroom
2:43 Inside a home
3:33 China Evergrande Group
4:28 What’s next?
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China’s Ghost Cities: The Truth Behind The Empty Megacities

Feb 2, 2023
China’s Ghost Cities House 64 Million Empty Apartments

The skyscrapers are empty, the streets are without traffic, and a chilling silence emanates throughout the area. These are the scenes of China’s ghost cities.

These streets resemble abandoned or evacuated cities from a zombie or nuclear apocalypse movie. But nobody even lived here in the first place.

China’s economic plan to build into oblivion has transformed it into the world’s second biggest economy in a short space of time. But do these empty cities show the ugly side of this economic boom? Let’s take a look
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The Secret behind China’s Ghost Cities

May 14, 2022
What is truly the purpose of these hollow concrete
labyrinths, what secret lies within?
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What Happened To China’s Fake European Towns?

Aug 28, 2023 HANGZHOU
If you travel into the suburbs of Hangzhou, you’ll be greeted by a curious sight: a full-length replica of the Eiffel Tower, along with a knockoff Champs-Élysées from Paris to go along with it. There’s nowhere else in the world that you could’ve found someone with enough money and a lack of common sense to build such a thing. Only in China, and I’m grateful for their strange decision.

In fact, there’s not just a fake Eiffel Tower, there’s also a fake England, Germany, and apparently even Wyoming. These unique property developments were all over the country, and I thought I’d go and check them out, starting with a fake London on the outskirts of Shanghai.
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