WE already KNOW they LIED about OVER-POPULATION, but this is ridiculous, THEY COULD have taken PEOPLE out of the SHACKS and SHANTIES! AND given THEM a BETTER LIFE! WHAT a REAL WASTE!
China’s Empty Cities House 64 Million Empty Apartments
Ghost Cities-China: China continues to build vast cities, but they remain almost completely uninhabited ghost towns.
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Vast new cities are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns. Racing to stay ahead of the world economy, is the superpower about to implode?
“There are around 64 million empty apartments in China,” claims analyst Gillem Tulloch. It’s all part of the Chinese government’s efforts to keep its economy booming and there are plenty of people who would love to move in, but the properties are priced out of the market. It’s after 2pm and in the new city of Dongguan shop owner Tian Yu Gao is yet to serve a single customer. “It’s a bit boring,” he sighs. His open shop is a rare sight in the Great Mall: once heralded by the New York Times as proof of China’s astonishing consumer culture, today it is an eerie vista of emptiness. “It can’t stay this way,” insists Tulloch, “when the bubble bursts, it will impoverish vast numbers of people”.
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Uncovering China’s Empty Ghost Cities
101 East – China’s dirty secrets
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China’s juggernaut economy is the envy of the world, but at what cost to the country’s people and environment? 101 East investigates.
At Al Jazeera English, we focus on people and events that affect people’s lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a ‘voice to the voiceless.’
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101 East – Singapore, the world’s richest city
https://www.youtube.com/watch?v=ESCk7pmuR4k
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China may soon be the birthplace to half the world’s billionaires but Singapore – the world’s richest city – is where they go to play. Some of the rich and famous who have moved to the tiny Southeast Asian island republic include Indian telecom tycoon Bhupendra Kumar Modi, Chinese movie superstars Gong Li and Jet Li, New Zealand billionaire Richard Chandler, and famed US investor Jim Rogers. One in six households in Singapore have a net worth of $1m, reflecting the flow of wealth eastwards as the centre of global economic activity shifts to Asia. With low taxes, a reliable, corruption-free government and protective private banking laws, the world’s ultra-rich are flocking to make Singapore home, giving it the highest percentage of millionaire households in the world. While the rich have fun, locals are struggling to keep up with the rising cost of living.
At Al Jazeera English, we focus on people and events that affect people’s lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a ‘voice to the voiceless.’
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world’s most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
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saintandrewstwinflame 