China to build 20 new cities a year over the next 20 years

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China to build 20 new cities a year over the next 20 years

#1 Unread post by totalmotorcycle »

China to build 20 new cities a year over the next 20 years

China's looming debt disaster

With the United States and Europe buried in debt, much of the world is hoping that China will provide the engine to bail the world out. However, thanks to China's "hidden debts," China may be far worse off than either America or Europe. When the global downturn hit in 2008, China decided to spend its way out of the crisis, and pumped $1.1 trillion into its $4.3 trillion economy. One result is the building of 65 million apartments -- enough housing for 200 million people -- all empty. Despite the obvious oversupply, the government—in conjunction with private developers—is constructing 40 to 50 million more units. And the Chinese government recently announced it will be building 20 new cities a year over the next two decades, to match the numerous ghost cities already built.
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Re: China to build 20 new cities a year over the next 20 yea

#2 Unread post by totalmotorcycle »

I read the above news this morning. Amazing to think China has built (and will continue to build) completely empty CITIES! Full cities just to keep the economy artifically inflated.

That's crazy.

Here are a few photos of China ghost cities... no one lives there! They even have stadiums, schools, shopping malls, etc..

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Re: China to build 20 new cities a year over the next 20 yea

#3 Unread post by mogster »

Very odd I agree, but the economies of the west can hardly claim to have everything under control, so maybe China will work?

Let's hope so as a collapsed China would impact on all of us. :(
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Re: China to build 20 new cities a year over the next 20 yea

#4 Unread post by sunshine229 »

It's shocking to hear this news, it is so unfathomable to comprehend what it's like to have completely empty cities. It's so weird!

I agree with Mogster, if it keeps China churning then it's not a bad thing, I guess! But then if their economy is only supported by fake things like this, is it really supported at all? When does the bottom fall out???
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Re: China to build 20 new cities a year over the next 20 yea

#5 Unread post by mogster »

"Our" economies are only supported by licensed gambling of "commodities" at least the Chinese have good old bricks & mortar. :D
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Re: China to build 20 new cities a year over the next 20 yea

#6 Unread post by QuietMonkey »

This *is* bizarre, but yeah, at least housing is a priority for living.

As mentioned my Mogster, the twisted nature of capitalistic economies being supported by billions of dollars of junk is more ludicrious and embraced so readily by our selfish culture. So perhaps these two extremes represent the polar opposites and eventual blending of value systems.

Basic needs can be met easily and the benefits of a trusting community can be enjoyed by more each day as people (slowwwwwwly) become more thoughtful and less selfish.
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Re: China to build 20 new cities a year over the next 20 yea

#7 Unread post by ceemes »

Well, I suspect that as China continues to switch from an agricultural based economy to an industrial based one which should as it has done in the west, increase the size and spending power of the middle class, those empty cities will soon be needed. At least China is planning for the future unlike us here in the west, seems we have adopted one of two opts, option one: live in the past or option two: ignore the reality of our situation and continue on that long twisting spiral to the bottom...aka, getting flush down the crapper.
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Re: China to build 20 new cities a year over the next 20 yea

#8 Unread post by BuzZz »

I don't claim to know much about the global economy, but I am positive I'd love to get my bike into one of those empty cities and just rip it up on those empty streets.
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Re: China to build 20 new cities a year over the next 20 yea

#9 Unread post by HYPERR »

Are they made of the same toxic wallboards they shamelessly exported to the rest of the planet? :?
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Re: China to build 20 new cities a year over the next 20 yea

#10 Unread post by BuzZz »

From what I heard about China, they are built out of the rejected export toxic wallboards. The only thing they care about less than other countrie's people is their own people.
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Re: China to build 20 new cities a year over the next 20 yea

#11 Unread post by HYPERR »

BuzZz wrote:From what I heard about China, they are built out of the rejected export toxic wallboards. The only thing they care about less than other countrie's people is their own people.
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Re: China to build 20 new cities a year over the next 20 yea

#12 Unread post by ceemes »

HYPERR wrote:Are they made of the same toxic wallboards they shamelessly exported to the rest of the planet? :?
If so, then those that built them and okayed the materials better find a good place to hide, coz the Chinese authorities take a very dim view about such antics. Get caught cheating or playing fast and loose there can earn you a bullet thru the back of your head. Remember the tainted baby formula scandal there? Those who profited from it also got said court issued bullet.

Sounds a bit harsh, but you have to admit it a lot better then what are arseholle industrialist here get when they get caught with their hands in the cookie jar or cheating you and me. At worse, they get a short stay a minimum security resort prison and a fine but usually they don't even get that slap on the wrist and are in fact rewarded by their bought and paid for political cronies.
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Re: China to build 20 new cities a year over the next 20 yea

#13 Unread post by NorthernPete »

Say what you will, they do know how to cook up some mighty delicious cat. Nom nom nom.
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Re: China to build 20 new cities a year over the next 20 yea

#14 Unread post by ceemes »

NorthernPete wrote:Say what you will, they do know how to cook up some mighty delicious cat. Nom nom nom.
What the hell, protein is protein, you get hungry enough, long enough, then even Ms Purr-purr the family pet could end up the family dinner. Then again, if you were to drop dead leaving Ms. Purr-purr alone, trapped and out of kitty kibbles, she would soon be gnawing and chewing on your plump and cold carcass.
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Re: China to build 20 new cities a year over the next 20 yea

#15 Unread post by QuietMonkey »

it's "fun" to see how the economies rely on people burying there mistakes in schemes just like a "normal" day at the office.

I find people are pretty much the same here and there... some just wanna get by, some wanna control things/people, some wanna make big bucks... etc... and lots of crooks are in the mix everywhere... it's all just a matter of scale really.. selfishness based on how much control people want, how much money, how many people they have to control, etc... and since so many sheep conform to the system layed out for them, it all continues in a nice orderly fashion. no pushing. :mrgreen:

humans really do suck. lots of 'em
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