China Ghost cities are now alive and filled with 300 million people -What is going on?

[beijingwalker]

China Ghost cities are now alive and filled with 300 million people -What is going on?

 

[beijingwalker]

Tons of western reporters are churning out thousands of reports on China's ghost cities and predicting China's forever imminent economic crash and property bubble popping without even setting their feet in China once. Only those who make frequent trips to China over the years know a better story on what's really going on.

 

[war&peace]

Chinese system is very different and CPC evolves policies which are very original and specific to China and west is unable to understand. Even the honest and unbiased graduates from western schools of economic are unable to understand this because they can't think beyond what they have been taught and the same is true for the Islamic system of Shariah & economy.

 

[beijingwalker]

Chinese system is very different and CPC evolves policies which are very original and specific to China and west is unable to understand. Even the honest and unbiased graduates from western schools of economic are unable to understand this because they can't think beyond what they have been taught and the same is true for the Islamic system of Shariah & economy.

Yes, even in the OP video, they say the China did something that had never been seen in the whole human history, they just can't wrap their head around it and believe their western system is the only right path for the whole world.

 

[war&peace]

Yes, even in the OP video, they say the China did something that had never been seen in the whole human history, they just can't wrap their head around it and believe their western system is the only right path for the whole world.

lolzz I commented without watching those videos because this is my research and conclusion based my limited study of Chinese history and culture.
I know how China moved away from Mao-ZeDong's philosophy during 80's and liberalised its economy ..
Many things China does do not make any sense to the westerners like making so many HSRs which economically not viable but China thinks differently..many times it is to "bribe" the people of certain area

 

[Yongpeng Sun-Tastaufen]

Construction sector is a big employer in China. It's no one else's business China builds buildings, tears them down, over and over again.

 

[LeGenD]

I get the impression that Chinese leadership developed new cities in [advance] and is populating them in a systematic manner, providing formal coaching to the public in regards to urban lifestyle and administration?

@long_
@Beast

If true - truly amazing strategy for preparing the public for a better lifestyle.

 

[Feng Leng]

OMG the Chinese are bringing the dead back to life as zombies to fill up the apartments!

 

[Yongpeng Sun-Tastaufen]

I get the impression that Chinese leadership developed new cities in [advance] and is populating them in a systematic manner, providing formal coaching to the public in regards to urban lifestyle and administration?

@long_
@Beast

If true - truly amazing strategy for preparing the public for a better lifestyle.

They don't care if people live in these cities or not. Building employees people. That's all they care.

 

[sinait]

I get the impression that Chinese leadership developed new cities in [advance] and is populating them in a systematic manner, providing formal coaching to the public in regards to urban lifestyle and administration?

@long_
@Beast

If true - truly amazing strategy for preparing the public for a better lifestyle.

Its true, that's how Singapore build its housing as well.
We build our housing town by town.
New towns are built away from current housing centers and spread out to avoid crowding.
Thousands of Chinese officials are trained in Singapore.

The results are more spacious houses and less traffic jams in our tiny nation.
People will only start to move in when the neighborhood schools and other facilities are ready.
In the meantime during construction its a ghost town but luckily for Singapore our ghost towns were praised as brilliant.
It may not be comparable as Chinese towns are much bigger in size and scale.
The trick is to build the new towns away but not too remote.
That is not too far away from existing townships.
We had one failure where we build the town, Woodlands Town, at the extreme end of our island far from the city center.
Luckily they solve it by selling it cheaper and some they made it bigger by combining 2 units into one.
Most importantly, we connect these remote towns with fast highways and trains.
A private developer would have gone bankrupt.

I think we did it more successfully than China because we are such a small island, 50 km maximum end to end.
.

 

[beijingwalker]

Construction sector is a big employer in China. It's no one else's business China builds buildings, tears them down, over and over again.

Which building was built and torn down again and again? I live my whole life in China and didn't see one like that, where did you see it?

 

[925boy]

Tons of western reporters are churning out thousands of reports on China's ghost cities and predicting China's forever imminent economic crash and property bubble popping without even setting their feet in China once. Only those who make frequent trips to China over the years know a better story on what's really going on.

It never made sense to me that China's govt would intentionally build "ghost cities"that no one would live in. Why would any govt intentionally waste resources???? At worst, the new residents of those new cities hadnt moved in at the time the CHinese govt expected them to.

 

[Nan Yang]

Its true, that's how Singapore build its housing as well.
We build our housing town by town.
New towns are built away from current housing centers and spread out to avoid crowding.
Thousands of Chinese officials are trained in Singapore.

The results are more spacious houses and less traffic jams in our tiny nation.
People will only start to move in when the neighborhood schools and other facilities are ready.
In the meantime during construction its a ghost town but luckily for Singapore our ghost towns were praised as brilliant.
It may not be comparable as Chinese towns are much bigger in size and scale.
The trick is to build the new towns away but not too remote.
That is not too far away from existing townships.
We had one failure where we build the town, Woodlands Town, at the extreme end of our island far from the city center.
Luckily they solve it by selling it cheaper and some they made it bigger by combining 2 units into one.
Most importantly, we connect these remote towns with fast highways and trains.
A private developer would have gone bankrupt.

I think we did it more successfully than China because we are such a small island, 50 km maximum end to end.
.

Basically East Asian appears more successful when it comes to urbanization.

During the 80s when Singapore was bulldozing it's prewar shophouses and buildings modern flats, Western narrative was that it will end up like Western urban decay with crime infested gettos filled with drug addicts.

 

[war&peace]

I get the impression that Chinese leadership developed new cities in [advance] and is populating them in a systematic manner, providing formal coaching to the public in regards to urban lifestyle and administration?

@long_
@Beast

If true - truly amazing strategy for preparing the public for a better lifestyle.

That's exactly what they are doing...

 

[Mista]

Its true, that's how Singapore build its housing as well.
We build our housing town by town.
New towns are built away from current housing centers and spread out to avoid crowding.
Thousands of Chinese officials are trained in Singapore.

The results are more spacious houses and less traffic jams in our tiny nation.
People will only start to move in when the neighborhood schools and other facilities are ready.
In the meantime during construction its a ghost town but luckily for Singapore our ghost towns were praised as brilliant.
It may not be comparable as Chinese towns are much bigger in size and scale.
The trick is to build the new towns away but not too remote.
That is not too far away from existing townships.
We had one failure where we build the town, Woodlands Town, at the extreme end of our island far from the city center.
Luckily they solve it by selling it cheaper and some they made it bigger by combining 2 units into one.
Most importantly, we connect these remote towns with fast highways and trains.
A private developer would have gone bankrupt.

I think we did it more successfully than China because we are such a small island, 50 km maximum end to end.
.

Basically East Asian appears more successful when it comes to urbanization.

During the 80s when Singapore was bulldozing it's prewar shophouses and buildings modern flats, Western narrative was that it will end up like Western urban decay with crime infested gettos filled with drug addicts.

We used to build ahead of demand too, but flats became oversupplied when an economic crisis hit and 'ghost towns' appeared. Some unsold units then were combined and sold at a discount.

The property boom in the mid-1990s resulted in high demand for new flats, leading the HDB to build more flats. When the Asian Financial Crisis struck in 1997, demand fell sharply and left the HDB with 31,000 unsold units that eventually took more than five years to sell.

The government switched to Build-To-Order (BTO) as the mode of sale when MBT took over.

Tender for construction will be called only if the number of applicants is at least 70% of the number of apartments in a specific contract (50% since 2011), otherwise, the project is not built.

However that led to a massive decline in housing supply which pushed up prices. The people were unhappy about it and that was reflected in the General Elections 2011 lol.
The government in response then changed the BTO requirement to 50% and ramp-up supply to cool down prices.

Prices have remained stable since then, allowing median household income to catch up.

Spoiler