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China's Ghost-City Economy (Bill Whittle)
Bill Whittle ^
| 8/6/2022
| Bill Whittle
Posted on 08/07/2022 1:48:10 PM PDT by rlmorel
Americans who see China’s miraculous growth and magnificent urban towers as a model for these United States seem blissfully unaware of the vast number of Chinese structures built but never occupied, often never even finished. They’re funded by the life savings of ordinary Chinese citizens. How far can the communist government inflate the real estate bubble before it bursts? Some small protests have begun, but the autocrats know how to shut that down, using COVID-19 protocols.
(Excerpt) Read more at billwhittle.com ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: chicoms; china; corruption; economy
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Bill Whittle has recommended these following links from Winston Sterzel (known on YouTube as
Serpenza) which have additional information.
1
posted on
08/07/2022 1:48:10 PM PDT
by
rlmorel
To: rlmorel
Serpentza and Laowhy86 produce great China vids.
To: rlmorel
yup, Sep and Lao have great bike trip videos showing towers crumbling before they are finished
3
posted on
08/07/2022 1:56:46 PM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: rlmorel
4
posted on
08/07/2022 2:00:30 PM PDT
by
sauropod
(Unbelief has nothing to say. Chance favors the prepared mind.)
To: rlmorel
I bungled one of the links, here is a working one:
5
posted on
08/07/2022 2:03:12 PM PDT
by
rlmorel
(Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
To: rlmorel
This town is coming like a ghost town....
6
posted on
08/07/2022 2:03:44 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: rlmorel
So many of these huge urban tower clusters are what they call tofu-dreg construction: poor engineering, substandard materials and corruption to cover it all. Some are so bad that they begin to fall apart before they'[re even finished. It's all a combo of stalinist propaganda and control, Kabuki theater and a bad dance number by the Potemkin Village People.
7
posted on
08/07/2022 2:09:47 PM PDT
by
Noumenon
(You're not voting your way out of this. KTF)
To: rlmorel
That’s got to be one of the, if not the, strangest things I’ve ever seen: ghost cities, complete with ghost cranes building them. The Chinese are not only inscrutable, they’re so obsessed with their image of themselves, they have to go that far (building cities, but not for people) in hopes of enhancing their image.
To: Noumenon
... and a bad dance number by the Potemkin Village People.
~~~~~~~
LOL
9
posted on
08/07/2022 2:16:47 PM PDT
by
Yardstick
To: rlmorel
10
posted on
08/07/2022 2:22:37 PM PDT
by
PIF
(They came for me and mine ... now its your turn)
To: PIF
Checking it out now...thanks!
11
posted on
08/07/2022 2:25:50 PM PDT
by
rlmorel
(Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
To: Noumenon
But they will keep right on building them because males need to own property before they can get married = no property, then the bride’s family will reject him. No money for property is one big reason there are many single males.
12
posted on
08/07/2022 2:26:29 PM PDT
by
PIF
(They came for me and mine ... now its your turn)
To: rlmorel
13
posted on
08/07/2022 2:41:31 PM PDT
by
PIF
(They came for me and mine ... now its your turn)
To: Noumenon
“Potemkin Village People.”
That’s a KEEPER. 🥇
14
posted on
08/07/2022 2:53:24 PM PDT
by
oldvirginian
(The CCP is the world's largest criminal organization. )
To: rlmorel
That bubble is going to burst sooner or later. Even an authoritarian dictatorship can’t keep the toxic debts hidden forever. A lot of China’s economic growth is fake. A huge amount of their money has been poured down the rat hole of ghost cities, apartments that will never be finished, etc etc.
Their bubble right now is much worse than ours was in 2008.
15
posted on
08/07/2022 2:54:06 PM PDT
by
FLT-bird
To: FLT-bird
After watching that, I cannot disagree at all with you.
16
posted on
08/07/2022 2:58:00 PM PDT
by
rlmorel
(Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
To: rlmorel
To: FLT-bird
Tofu building shelf life is 10 years. Bridges are already starting to collapse. 3 per day at least.
To: GaltAdonis
They can also rent them out as movie sets.
19
posted on
08/07/2022 10:55:12 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
To: minnesota_bound
"...rent them out as movie sets..." "How West Was 'Won' (by China)" - coming to a theater near you.
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