this post was submitted on 31 Dec 2023
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China has ghost cities with empty apartment buildings. They have tons of resources to waste.
Tell me you're living half a decade in the past without telling me. "Ghost cities" are actually areas where the state preplanned urbanization so everything would be in place when people started moving in. In fact, most of these "ghost cities" are actually populated now.
https://en.m.wikipedia.org/wiki/Under-occupied_developments_in_China
Edit: could someone please explain why I'm being downvoted? I've provided a source to back up my statements. Or is this a case of "everything about China is bad because Red Scare"?
65 million empty according to your link.
A myth is something which never existed. They do:
https://www.bbc.com/news/business-67610677 https://www.bbc.com/future/article/20170223-chinas-zombie-factories-and-unborn-cities https://www.bbc.com/news/magazine-17390729
I gave you three links (not a quote from one person on Wikipedia) with roughly five years between them, including this year, one of which was built in another country by the Chinese. Another would be the half-finished Sihanoukville in Cambodia, which saw China withdraw its investment and left many holding their bags. Overinvestment in areas with millions of empty rooms in China and abroad and a complete waste of resources is only contested by you.
Some more here: https://allthatsinteresting.com/chinese-ghost-cities
And here: https://www.businessinsider.com/china-ghost-town-deserted-chinese-mega-villas-overrun-farmers-2023-7?op=1
And here: https://uschinatoday.org/features/2022/01/11/cities-lost-in-limbo-are-chinas-ghost-cities-here-to-stay/