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 Are China's 'ghost' cities building towards economic ruin?

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RR Phantom

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Are China's 'ghost' cities building towards economic ruin? Vide
PostSubject: Are China's 'ghost' cities building towards economic ruin?    Are China's 'ghost' cities building towards economic ruin? Icon_minitimeFri Mar 21, 2014 6:44 pm
It might be a humble third-tier city in one of the poorest parts of China, but by next year Guiyang will boast a seven-star hotel centred on a 67-storey, 400-metre-tall skyscraper.

Are China's 'ghost' cities building towards economic ruin? Art-China-620x349

It will be home to new ''world-standard'' amusement parks, a water world and an opera house. Not content with having one Petronas Towers lookalike, Guiyang is building two sets of twin towers. And what city would be complete without its very own monorail humming through its skyline? Guiyang is building one of those, too.

Yet the most ambitious aspect of the transformation of Guiyang - the largest urban redevelopment project in China - is the sheer volume of residential apartments it has lined up.

Read more: http://www.smh.com.au/business/are-chinas-ghost-cities-building-towards-economic-ruin-20140321-358l2.html#ixzz2wdkCNKRd
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