China's Hypergrowth Fueled By Building Giant Cities No One Lives In

[b0und]

What is fueling the growth: Debt, debt, more debt, hidden debt, off-the-books debt...

...all based on the bet that growth will never stop, land prices will never go down, that there will always be a greater fool.

China Cities Value Land at Winnetka Prices With Bonds Seen Toxic - Bloomberg

^^^ read the article












b0und (read it)

 

[jnevin]

No, you were correct with "regardless." Even if you count "irregardless" as a word, It's a double negative (negative prefix - ir; negative suffix - less) that should, grammatically, translate to a positive (in regards to), which is not how it is used. This has to be one of my biggest grammar pet peeves.

http://picdump.darph.net/wp-content/uploads/2008/12/sisko-facepalm.jpg

 

[fortunatesun]

One thing to consider, though:

China still has a large rural population that can easily be urbanized. Entrepreneurial efforts + incentives will fill those empty cities.

 

[PICK3]

One thing to consider, though:

China still has a large rural population that can easily be urbanized. Entrepreneurial efforts + incentives will fill those empty cities.

o'rly?

 

[jnevin]

Entrepreneurial communism must be the bomb.

 

[fortunatesun]

o'rly?

Sure. I don't remember the numbers, something like a 20% shift in the last quarter century and accelerating. This same thing happened in the US when the industrial base expanded.

 

[chewyxrage]

I always figured they were building those cities to move the people to whenever they dam up the next river and make millions homeless. Seems to happen every 6 months or so.

 

[-SD-]

It's a redsamauri thing (as is my signature). I blame Mexican illegal alien life sciences Ph.D.s imported by Monsanto.

Having a proper grammar system is irregardless of female elite mod interference.

 

[nefertiti]

It's a redsamauri thing (as is my signature). I blame Mexican illegal alien life sciences Ph.D.s imported by Monsanto.

Ohhhh. I have sigs turned off, my bad. Thank goodness, my head about exploded when I saw that and thought it was meant as serious haha

 

[mrplunkey]

Ohhhh. I have sigs turned off, my bad. Thank goodness, my head about exploded when I saw that and thought it was meant as serious haha

No worries! We love you irregardlessly.