Two seemingly contradictory realities co-exist in China: on one hand, Chinese cities are overpopulated, while on the other hand, there are also empty cities and tall skyscrapers almost entirely ...
In the past 50 years, China has built around 500 new cities. The country’s sprawling new urban areas have been instrumental to its economic surge, but it’s not all rosy. In fact, a lot of these new ...
China’s long economic boom famously left it dotted with an overbuilt landscape of empty apartment towers and decrepit shopping malls. Tracking these “ghost cities” has become a fixation of economists ...
Overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam Adada How closely is demand for $3,000 handbags tied to home prices in China? Quite closely, it ...
If not another flat was built and sales continued at their current pace, it would take eight years to sell all the homes lying dormant around Luoyang, a city of 7m in central China. The region is a ...
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HONG KONG, Aug 28 (Reuters) - China unveiled a policy blueprint on Thursday aimed at creating cities by 2035 with a greater focus on quality of life, the official Xinhua news agency reported. The move ...