There is something super eerie about these shiny new buildings in China. They are vacant! Hundreds of them! What is up with these ghost towns?
The Chinese government is dead set on buttressing GDP growth. Like Gillum Tullock said in the video, "it's not the quantity of GDP but the quality of GDP that matters. Essentially, they are building stuff for which there is no demand."
China's obsession with big infrastructure projects is modern equivalent of building the pyramids. True dat!
Such a shame that 64 million apartments sit empty. How can anyone afford anything when new condos go for $70k-100k and the average national salary is $6,000? Just foreign investors and rich peeps. Mark my words, I predict an OCCUPY CHINA!
The Chinese government is dead set on buttressing GDP growth. Like Gillum Tullock said in the video, "it's not the quantity of GDP but the quality of GDP that matters. Essentially, they are building stuff for which there is no demand."
China's obsession with big infrastructure projects is modern equivalent of building the pyramids. True dat!
Such a shame that 64 million apartments sit empty. How can anyone afford anything when new condos go for $70k-100k and the average national salary is $6,000? Just foreign investors and rich peeps. Mark my words, I predict an OCCUPY CHINA!
