@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
: 2E59 A14F 698F EBBA https://keybase.io/jotted
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Instead the market has cooled and Jurong is stuck with hundreds of half built apartment buildings. One complex we drove past called Yudong International straddles several blocks and will have 120 buildings when it is done
When we asked who was going to live in all these new apartments, Hu paused. "I was wondering that myself," he told uspic.twitter.com/qWdb01FNlw
We left wondering if Jurong was an anomaly. Then we talked to some experts. One professor has been working on a study of unoccupied urban housing. He told us 65 million apartments sit unoccupied across China
That has some people worried. One economist called the prospects for the market "grim” and warned that it is China's "biggest gray rhino"
Amazing that NY Times is just getting this story, this has been going on there for YEARS... there are literally thousands and thousands of these new buildings in China, marked in the night by a single red light lit in the skyscrapers.
江苏句容？？
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