[TigerLikesRooster]

A second reason relates to political achievement of officials. For many years, GDP was the standard used to measure political achievement. Projects and construction are the easiest ways to produce numbers.

Build, destroy and do it as often as you can, which is a new way to prosperity.

[TigerLikesRooster]

P!

[Mr. Jeeves]

Build, destroy and do it as often as you can, which is a new way to prosperity.

They need to hire Krugman as Housing Czar. :)

[Fresh Wind]

Sometimes they are disposed of before they are even occupied...

[Flag_This]

1. Build stuff
2. ?
3. Profit!

[St_Thomas_Aquinas]

-— “The essential reason is that the land in China is state-owned and is too easy to demolish. Residents don’t have legal rights or regulatory guarantees,” -—

Did somebody say, Kelo?

[Ghost of Philip Marlowe]

In the future, if there is anything akin to honest history, what China has done with their buildings (build them and then destroy them to create new work) will be looked upon as the most extreme example of Hazlitt’s Broken Window Fallacy.

It truly is jaw-dropping to behold.

[556x45]

‘”It is unimaginable how the plans, which violate the rules so flagrantly, were able to pass through so many levels of evaluation,” Zhang angrily told Faren. And when she consulted the government department in charge, she was told that it’s none of her business as a condo owner.’

LOL, sounds like our govt.

[r_barton]

Monty Python: Flats Built By Hypnosis
In the skit, the buildings only stay standing as long as tenants believe in them. Hilarious!
https://youtu.be/1ujRE2IkEIo

[Jimmy Valentine]

Keloe decision anyone? Judge Souter needs a copy of this.

[Rockitz]

I have travelled to China on 6 different occasions over the past decade and seen this phenomena first hand. The part that this article doesn’t capture is that this process keeps their people busy and allows the state to distribute money to the masses- a so-called “make-work” process. There are many new empty western style developments and ghost cities all over the countryside. If you look at the vacancy rates country-wide it would be astounding.

[Buckeye McFrog]

No different from how we treat publicly financed stadiums here.

[Larry Lucido]

“Think about the amount of money that China has spent on infrastructure. Their ports, their train systems, their airports are vastly the superior to us now, which means if you are a corporation deciding where to do business, you’re starting to think, ‘Beijing looks like a pretty good option.’”

[Tainan]

This sounds a LOT like Taiwan.

[Lazamataz]

"It is unimaginable how the plans, which violate the rules so flagrantly, were able to pass through so many levels of evaluation," Zhang angrily told Faren.

Bribes are unimaginable?