I took the bullet train from Beijing to Shanghai in 2014 and the amount of empty cities they have is astounding. They keep building these major cities to try and consolidate down the rural farming areas. I was told the way they allocate space in the building is based on a self reporting system. So obviously people lying through their teeth end up with multiple apartments until they get caught. Some of these buildings never get occupied and are destroyed. A big city like Los Angeles might have 20+ cranes building towers on a given day. One of these no-name chinese cities has 20-30 cranes building 50 story towers 20 at a time. Every one of them could fit San Francisco inside of it. I take comfort knowing that nothing competes with American construction. Those building will fall within 20 years.
I took the bullet train from Beijing to Shanghai in 2014 and the amount of empty cities they have is astounding. They keep building these major cities to try and consolidate down the rural farming areas. I was told the way they allocate space in the building is based on a self reporting system. So obviously people lying through their teeth end up with multiple apartments until they get caught. Some of these buildings never get occupied and are destroyed. A big city like Los Angeles might have 20+ cranes building towers on a given day. One of these no-name chinese cities has 20-30 cranes building 50 story towers 20 at a time. Every one of them could fit San Francisco inside of it. I take comfort knowing that nothing competes with American construction. Those building will fall within 20 years.