I’ve seen the same thing on a smaller scale here in America.
Outside Frisco Texas in the mid 80s a housing boom had stalled. There were miles of nice streets, sidewalks and even concrete driveways. The only thing missing was the houses.
There were miles of nice streets, sidewalks and even concrete driveways. The only thing missing was the houses.
There are two key differences: When it became the property wouldn’t be sold, building stopped. Not so in China. The why is the second difference: The empty streets etc. were market driven, albeit mistakenly. These cities are politically drivEn. See my comment above.