Monday, October 28, 2024

China's Ghost Cities

Kaynat Kakar ✪ @kaynat_kakar

China's GHOST Cities

$170 BILLION worth of Empty Cities, Abandoned Skyscrapers, and Fake European Towns that nobody lives in:


Here are China's most Haunting Ghost Cities:

1. Ordos 
A $161 billion ghost city built for 1 million people.

• Currently 90% empty

• Built during the coal mining boom

• Looks like a sci-fi movie set

https://x.com/i/status/1850803667974111519• Most apartments are owned by investors who never lived there

2. Jun Ming's Ghost Districts

• Population size of Madrid

• 15 skyscrapers demolished in 2021

• Unfinished since 2013

• Empty kindergartens

• Abandoned hospitals

3. Tianducheng: "Paris of the East"

• Complete with Eiffel Tower, pairs streets and buildings replica

• Empty Champs-Élysées

• Planned for 10,000 residents

• Current population: 1,000

• Too expensive for locals

• Mostly tourist attractions

4. Yujiapu: "China's Manhattan"

• $50 billion investment

• Empty skyscrapers

• No rush hour traffic

• Promotional video mocked NYC

• Ironically, it became more deserted than NYC

5. Thames Town: "Little London"

The Replica of London City

• Red phone boxes ✓

• Fish & chip shops ✓

• English pubs ✓

• Victorian architecture ✓

• People? ×

• Another failed replica city 

6. Chenggong: The Student City

• Failed city turned university hub

• 7 colleges moved in

• Busy during term time

• Ghost town in winter

• Gradual transformation

7. Why Does China Keep Building?

• Property = safe investment

• Chinese can't invest abroad easily

• Real estate drives economic growth

• Middle-class parks money in empty homes

• Construction = GDP growth

8. Why This Matters:

• Shows risks of rapid development

• Property bubble warning

• Environmental impact

• Resource waste

• Economic sustainability questions

9. China's ghost cities represent human history's largest real estate bubble. 

Only time will tell whether they become thriving metropolises or remain empty monuments to excess.

That's a wrap

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