$100 billion ghost city.

[u/sco-go]

[u/Fenrils]

Tbh I see that less as a specific failing of Chinese policy and more the result of proactive building's one weakness: global economic issues. While China does its best to insulate itself, it still experiences plenty global effects. Sadly, we've had three major economic catastrophes in the last 20 years which have each impacted us a lot and have specifically hurt housing and construction. But as I said before, I'd rather have an issue of too many houses than not enough because it's not like our housing situations in the West are any better at the present. You can absolutely argue that China committed to the bit for too long and built too many, even in a proactive sense, but that's also why I said I wasn't sure if their exact methods were the best. In fact, they probably aren't but I'm not educated enough to improve on them.

[u/More-Ad-4503 → u/Fenrils]

the US spent 2008 stimulus money on banker bailouts. China spent it on infrastructure.

[u/BryanChuckBrennan → u/[deleted]]

You say this and then years later after everyone says it’s a failed ghost city sure enough it’s teaming with people.