Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.
It’s all part of the
government’s
efforts to keep the economy booming, and there are many people who
would love to move in, but it’s simply too expensive for most.
Video journalist
Adrian Brown
wanders through malls of vacant shops, and roads lined with empty
apartment buildings… 64 million apartments are said to be empty across
the country and one of the few shop owners says he once didn’t sell
anything for four or five days.
So are the efforts to boost the economy going to end up having the opposite effect and creating a
financial crisis for China?
WATCH - Click to see his report.
PHOTO GALLERY -
Some satellite and street-level images from the Chinese cities, showing
the scale of the construction and the empty streets. Thanks to Gillem
Tulloch at
Forensic Asia for the information.
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