China building Ghost cities

[kingkilburn]

It's more like to perpetuate the artificial bubble they have to keep the construction up.

That work force must also remain employed or the economy will suffer horribly. Think Roosevelt's answer to the depression made even worse by Communism's lack of realistic valuation and the folly of fiat currency all rolled into one.

When their bubble does burst it will either be great for us(cheap labor gets cheaper) or horrible(no one to back our currency through massive bond buying).

[ronmcdon]

Originally Posted by kingkilburn

It's more like to perpetuate the artificial bubble they have to keep the construction up.

That work force must also remain employed or the economy will suffer horribly. Think Roosevelt's answer to the depression made even worse by Communism's lack of realistic valuation and the folly of fiat currency all rolled into one.

When their bubble does burst it will either be great for us(cheap labor gets cheaper) or horrible(no one to back our currency through massive bond buying).

That's probably the most plausible explanation.

Still, it's difficult to imagine there isn't a better way to improve infrastructure.
Such a large country always needs more roads/rail etc.
They could link the entire country up with bullet trains.

My guess is that it's used to evacuate ppl in areas that get hit hard by earthquakes.
China has had quakes pretty bad in most of it's history.

Another guess is that it could be another state sponsored industrial zone.
Price of factory wages in southern China have been rising steadily,
so maybe this is done in some of the more remote regions of China to drive down costs.

Either way it's hard to justify this as being anything more than a waste of resources.

[kingkilburn]

Originally Posted by ronmcdon

Either way it's hard to justify this as being anything more than a waste of resources.

...Communism's lack of realistic valuation...

[sw20>>s14]

Originally Posted by kingkilburn

When their bubble does burst it will either be great for us(cheap labor gets cheaper) or horrible(no one to back our currency through massive bond buying).

dont hold your breath, it would most likely be the latter...