@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
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A parking lot attendant told us that construction on this building (right side) stopped 8 yrs ago. It's hard to imagine how the gov't will pay this bill. It's offering companies free rent & tax subsidies. Still, one tech worker told us his 28-story has only a handful tenantspic.twitter.com/h2uHJ2UjXZ
Sometimes the scale of things in China is overwhelming and I have to remind myself that there are 1.4 billion people here. But places Yujiapu still leave me with a pit in my stomach: there appears to be so much excess.
I love how Chinese city planners have the idea that if you build the physical artifact, you have the thing. Very communist.
I deeply wish it were true that if I moved into the Met, I'd be Maria Callas. But somehow...
Now that Hukou is no longer required from smaller cities, there might be people moving into those ghosts cities..
Construction adds to GDP growth Demolition too.
what do you think of this? CPPIB, one of the world’s biggest investors, has 8 percent of its funds invested in China and has previously indicated it plans to increase that significantly in the next few years.https://ca.reuters.com/article/topNews/idCAKBN1OB265-OCATP …
Construction is this scale, normally involves big corruption. They don't care if the project is going to be successful or not, as long as they can put the money in their pockets. They buy porperties overseas.
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