The three models of Chinese ghost cities: threadhttps://twitter.com/wjhurst/status/1277325054137819136 …
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Replying to @andrewbatson
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?
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Replying to @Molson_Hart @andrewbatson
To recap, the 3 models are: 1) the windfall model 2) the fiat model 3) the SOE rejuvenation model
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Replying to @Molson_Hart @andrewbatson
Please see the article and chapter cited in the thread. 1) Ordos 2) Beichuan 3) Shenyang
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