China's Ghost Cities

[speights boy]

it won’t matter if every one of those small special economic zones implodes with greed.

Something new is now starting to be seen.
Residents are now engaged in violent protests against environmental damage caused by new factories in their cities.
A proposed copper factory in Sichuan that has been suspended is one example.

The capitalism cat has been let out of the bag.
25 years ago it was all growth, growth and the majority were satisfied as it ment jobs and money.

Now, they are realising they cannot live in their cities as the pollution of air, water and soil is becoming intolerable.

The dilemma for the new party leaders is now how to sustain growth and wages, manage the huge influence the bosses of the State owned companies have, and at the same time control the growing environmental activism from residents.

[Guest]

China is the biggest country with powerful economy and strong technology. Any investment made in China will not let your investment down. When it comes to property then i must say everyone must have a property in China as it will be very profitable as everyone knows how economically China strong is. Every company is moving towards China because they have found their dream run and profit their.

[muppet]

What are you selling, Mark?

[Glizzle]

Broken English.

[McDuck]

Broken English.

What’s China going to do with a load of trouble making Europeans spreading messages of free will and Californication? They don’t have enough separatist troubles already? No sir, it’s going to be difficult enough to purge all the contaminated capitalist minds from Hong Kong and the like. The deal runs out there in about forty years or so, I think they are hoping that there is a diaspora of those sorts gradually over time. Following the money, we can see that those folks are looking for other parts of the world to settle. It’s no fun being a Capitalist in a country that disapproves of selfishness.
Confucius said: “A gentleman has three things to guard against. In the days of thy youth, ere thy strength is steady, beware of lust. When manhood is reached, in the fullness of strength, beware of strife. In old age, when thy strength is broken, beware of greed.”

[speights boy]

I believe Shanghai will have replaced Hong Kong as the main financial centre in that region well before the "at least 50 years" date of " One Country Two Systems "

[speights boy]

Something new is now starting to be seen.
Residents are now engaged in violent protests against environmental damage caused by new factories in their cities.
............
Now, they are realising they cannot live in their cities as the pollution of air, water and soil is becoming intolerable.

Chinese protesters win but keep on

After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that a petrochemical factory would not be expanded, only to see the protests persist.

The standoff in the prosperous city of Ningbo has highlighted the deep mistrust between people and the Government in China.
Should they last longer, the demonstrations would upset an atmosphere of calm that Chinese leaders want for a transfer of power in the Communist Party leadership next month.

www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10843754

[speights boy]

More and more people are questioning the capital injections and rising debt.

‘Everyone has a loan these days, but average people, we don’t understand where this money comes from.’’ Many experts share Dong’s scepticism.
For some of them, Zhang’s investment drive in Tianjin is as much a political statement as an economic one — an example of the monumental cost of forging a political career in a one-party state where economic growth, not votes, is a measure of success.

‘The Achilles heel of the Chinese economy is free capital,’’ said Minxin Pei, a professor of government at Claremont McKenna College in California. ‘‘Here you have a group of people who are making very big bets and they don’t have any skin in the game.’’

‘Getting a mega-project attracts attention,’’ Pei added.

High cost as China reaches for investment leadership

www.stuff.co.nz/world/7907714/High-cost-as-China-reaches-for-investment-leadership/

[Guest]

i can't wait for time so much...

[Rabia]

My wife is chinese and her parents and some of the aunts and uncles own appartments. And guess what? They don't rent them out and they remain empty for the bulk of the year. The reason my wife gives is that to rent them out would make them "business men/women" and they don't want to be "business people". Thy're quite happy with their assets and they trust property more than the banks. Different world altogether!

Hahahahaha...interesting one. Your aunt and uncle looks interesting people. Really world is quite different from what we perceive.

[mattinvestor]

Very interesting, but it is China, they have a different culture. Those apartments are probably owned by wealthy Chinese, but they just do not rent them out and they remain empty.