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Title: This will bring Chinese economy down (Picture)
Source: [None]
URL Source: http://www.stationgossip.com/2022/0 ... huge-empty-ghost-towns-in.html
Published: Feb 1, 2022
Author: staff
Post Date: 2022-02-01 14:42:42 by Horse
Keywords: None
Views: 227
Comments: 14

Numerous huge empty ghost towns in China speak volumes of the real estate bubble that could bring the Chinese economy to its knees.


Poster Comment:

The Chinese never learned how a modern financial system works. It will all come down. That and 40 years of bad weather in this Grand Solar Minimum we entered last year. (1 image)

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Begin Trace Mode for Comment # 5.

#2. To: Horse (#0)

Interesting, those two apparent gussets in the lower left hand corner. I wonder if they are supposed to prevent the building from tipping over, as tall buildings sometimes do in China.

StraitGate  posted on  2022-02-01   18:31:55 ET  Reply   Untrace   Trace   Private Reply  


#4. To: StraitGate (#2)

Those are the shopping areas of a "mixed unit development". I guess.

At least that's what they're called here in Sodom on the Colorado.

Lod  posted on  2022-02-01   18:58:45 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Lod (#4)

Mixed Unit Development

Well, since the streets are just dirt, having copious MUD rooms makes a lot of sense.

StraitGate  posted on  2022-02-01   19:03:38 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 5.

#6. To: StraitGate, Lod, NeoconsNailed (#5)

I follow a man on YT who used to be a food broker in Asia. He speaks Chinese. He talked of what Chinese called tofu construction. Local Communist officials take so much bribe money out of construction projects that builders cut back on needed material. I have seen videos of wind blowing away huge chunks of buildings in China. Imagine what happens to your multi-million dollar investment when the wind blows part of your 30 story apartment building away.

Horse  posted on  2022-02-01 21:22:35 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 5.

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