China Ghost Towns

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By Barry Ritholtz - November 13th, 2009, 2:30PM

Via Wall St Sheet Sheet

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “China Ghost Towns”

  1. Joe Facer Says:

    Was this from Al Jazeera? or didi I mishear the attribution at the end?

  2. VangelV Says:

    I saw something similar but on a smaller scale in Yunnan province at the border with Burma. My wife pointed out that our hotel was located in an empty new town that was about 10 km away from another one that was full of people. That was in 1996. While the developers may have had trouble for a while, ten years later the area was thriving as prices and economic activity adjusted to reality. I suspect that in a few years the same thing will happen with this particular case as prices adjust by enough to make the option of living there viable. That said, Jane Jacobs is probably spinning in her grave as this is the perfect example of the folly of central planning.

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