Thursday, June 16, 2011

Ghost Cities

What's wrong with this picture?

No, it's not CG. It's one of many Chinese ghost cities (lots of pics!):.

China plans to build 20 cities a year for the next 20 years. The unacknowledged problem is finding buyers for those hundreds of millions of new homes.

"China consumes more steel, iron ore and cement per capita than any industrial nation in history. It's all going to railways that will never make money, roads that no one drives on and cities that no one lives in."
"It's like walking into a forest of skyscrapers, but they're all empty," he said of Chenggong.

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