China's ghost cities on 60 minutes right now

Segment on now.

I want to know WHY

They've also built ghost cities in Africa.

Sounds like make work shit to me.

Housing bubble?

That was nuts.

The segment that was on tonight was new.

Here is an older one.

no that stupid actually...best way to boost GDP ...

Cities still in their wrapper. It amazing. Peoples wages are not high enough for them to buy. All that cheap stuff from China will have to increase in price once pay standards rise. Then they will have more money, but less demand for goods as another country takes the cheap labour option. When this change will happen? Nobody knows. But there purpose to their madness. Build it all cheap, before labour costs escallate, and make it impossible. That my theory on it all.

Gee, they built them where the Zetazs said the land would hold up in a crustal pole movement. Funny that.

ya, I think there is a lot more to this story than they are saying.

Known about these for a very long time. They are all inland away from ocean and now there are some in Africa where the chinese own the land. Check it out.....

Empty cities waiting for future inhabitants. Just think about the cost of this shit. Entire infrastructure waiting on the eventual migration towards them whom ever survives.

I know that most chinese people know about these places and how to get there.

There are over 60 and counting in China alone....

Africa is blooming....

Did they show the one that looks like old England, right down to the red phone boothes?

Yes they did, I think this one was being used for weddings and nothing else.

I also heard a 2 trillion dollar cost and 12-24 cities being built per year.