EMR will be noting the stupendous mismatch between Chinese infrastructure and citizens Mobility and Access needs and the gross overbuild in ‘new city development’ in Chapter 2 of ENOUGH?.
In the mean time go to “New Satellite Pictures of China’s Ghost Cities” and check out the incredible 29 photos of empty projects. There were 64 million new but unoccupied dwellings that no one can afford, according to a recent report.
A picture is worth a thousand words.
The Australians seems to be doing a better job of reporting on the coming building bubble Collapse than the US media.
EMR
Note: I took the liberty of inserting one of the satellite photos into this blog post to show the enormity of the overbuilding. Click on the photo for a more legible image. — JAB
Leave a Reply
You must be logged in to post a comment.