jackofalltrades,
@jackofalltrades@mas.to avatar

"""
China's largest property developer Country Garden unveiled Forest City - a $100bn (£78.9bn) mega-project under the Belt and Road Initiative - in 2016.

Eight years on, it stands as a barren reminder that you do not need to be in China to feel the effects of its property crisis. Currently, only 15% of the entire project has been built and, according to recent estimates, just over 1% of the total development is occupied.
"""

https://www.bbc.com/news/business-67610677

urlyman,
@urlyman@mastodon.social avatar

@jackofalltrades a few years ago I listened to @laurimyllyvirta explain China’s economic rationale behind building ghost cities to @chrisnelder, and it blew my mind

https://overcast.fm/+3l9sRL_h4

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