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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 Mar 16, 2013 12:54 PM Flag

    Todays Businessinsider has a good story on China's so called "ghost cities" which shows how facts were

    distorted to suit the editors of the article for Cnbc

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    • Why don't you all understand this? These are not "ghost" cities that have been abandoned, they are cities built for the future because it is cheaper to build now and better to plan ahead. You can't just move millions of people out of the rice patties without having a place to put them now can you? Simple fact and great planning on the part of the Great People's Party!

      Sentiment: Strong Buy

      • 2 Replies to boulmichone
      • Boulmichone, you sound just like good old communist thinker Wal. In fact I'm going to consider you are
        him, laying out the same kind of bs. Some of these ghost cities are up to 10 years old. Now how many
        people do you think have migrated in those 10 years, and still they remain empty. Many of them look
        structurally damaged, and brooms and mops just don't cut it. So which future are you talking about? I
        bet they said 10 years ago, that within 10 years those cities residences would be filled. Think again. So
        are we talking 20 years? By then they should be falling down. Here is an article written about the mall
        that was going to drive the economy by those filled cities. I posted the video probably about a year or so ago. It remains empty. Anyone interested will be able to go online and watch the video. This article is
        from 'Time', newsfeed.
        " Dongguan, China, is a factory town with an estimated population of 10 million, many of whom are migrant workers from other parts of the country. But even a community that large, it seems, is unable to support a 5 million-sq.-ft. shopping center.

        More than twice the size of the U.S.’s Mall of America, New South China Mall in Guangdong province is easily recognized as the world’s largest mall. Opened in 2005, the behemoth property was expected to attract an upwards of 100,000 visitors a day, CNN reports, and it has space for 2,350 tenants. It boasts an indoor amusement park with a roller coaster, an IMAX theater and a Teletubbies Edutainment Center for children. Initially called the South China New Mall, the property was relaunched in 2007 as the New South China Mall, Living City, in hopes of attracting customers.

        Unfortunately, the mall is anything but living: eight years after it first opened, most of its storefronts remain unoccupied, a desolate monument to Chinese real estate ambitions and the stimulus credit boom that followed the financial crisis. It also sits on the outskirts of town, making it difficult to access, "

      • omeg4 Mar 16, 2013 3:57 PM Flag

        People are just brainwashed by all the abandoned housing developments here in the states. They can't fathom that there are places in the world that are actually prosperous... China being the last place they would expect.

    • omeg4 Mar 16, 2013 1:45 PM Flag

      Shorts don't like facts.

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