The three models of Chinese ghost cities: threadhttps://twitter.com/wjhurst/status/1277325054137819136 …
What are the three? It's not immediately clear to me. 1. Resource wealth causing people to build where the resource wealth is, i.e. Chinese Dubai 2. Great opportunity to make local government rich by awarding construction contracts? 3. Pump up GDP figures for 共产党 promotions?
-
-
To recap, the 3 models are: 1) the windfall model 2) the fiat model 3) the SOE rejuvenation model
-
Best place for explainer for 123?
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.