Wandering China

An East/West pulse of China's fourth rise from down under.

China’s Ghost Cities [SBS/Youtube]

Domestic growth or domestic waste alluding to a paradigm sift in the Chinese mind? This is probably uncharacteristically ‘not’ frugal. Have they taken the ‘capitalist road’ too far? Professor Zhou Xiao Sheng, prominent Chinese sociologist sends a reminder in the video – ‘If it leads to polarisation, then reform has failed…’ An honest question has to be asked here. With an increasing social divide fueled by an overheated economy, we have a paradoxical situation. The upswing due to the property bubble now cannot afford to burst, yet millions are left in squatter-like conditions whilst 64 million empty apartments stay unaffordable to those who need it most.

 ‘Vast cities are being built across China at a rate of ten a year, but they remain almost uninhabited ghost towns. It’s estimated there are 64 million empty apartments.’ (SBS Dateline, April 11, 2011)


Filed under: Beijing Consensus, Chinese Model, Culture, Domestic Growth, Economics, Inflation, Lifestyle, Politics, Reform, SBS, Social, The Chinese Identity, The construction of Chinese and Non-Chinese identities, Youtube

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The East Wind Wave

China in images and infographics, by Wandering China

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