Chinese Ghost Cities on the Rise
19 June 2011 - 9:00am
A year after taking a look at the new but empty cities being created in China, Business Insider takes a trip back to see what's changed in those brand new and unoccupied cities.
"Last year we published images of ghost cities based on a report from Forensic Asia Limited. This week we asked analyst Gillem Tulloch what has happened in the past six months.
'China built more of them,' Tulloch said. '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.'"
The article includes a slideshow of unoccupied new cities.
Source:
Business Insider, June 16, 2011
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