you're putting people to work, even if they aren't being paid much and aren't really doing anything real it's still a job you can put on paper.
you're showing growth of giant mega cities all over the country, giving the false impression that this secretive authoritarian country is foreign ahead to the next century and keep in mind they weren't really going after the US with these projects, it was more of a dog and pony show to bolster their belt and road imitative showing chinas willingness to undertake massive infrastructure projects
building housing shows "strength" in their government to lead and provide for it's citizens, even if it's all faker than pornstar titties it's still something they can show their people and the world that their way works and they are able to provide for their people
it worked as a massive real estate hedge for worldwide investments... money came pouring in because the speculation was that you could buy there buildings on the cheap chinese currency then bank when the currency took off. so it allowed the CCP to shovel up cash, much more than they were putting out. money came in from all over the world into this fake nonsense... like a giant ponzi scheme.
it allowed china to go develop undeveloped parts of the country, forcing farmers off their land and into these cities... to bring more people into their control and influence. to be dependent on the CCP.
lastly (there are others) it gave manufacturing more room to spread out, by telling these big multinational companies "no problem, come invest here, build your factories here, we've got massive cites that we are going to fill with a workforce ready to go.
bottom line is what the world thinks goes on with china and what actually does are two very different things, the CCP makes sure of that. they will lie and cheat and steal all they want, there is no international body that has the balls to stop them... trump was the only one with the balls to do so and look what they did in response... they unleased a bioweapon to help get him out of office.
china is an undeniable threat, one that we allowed to happen, the ghost cities were just one piece to this puzzle but a very important one... it's like someone is standing on a rowboat in the middle of the ocean and started shooting a shotgun into the floor...
better get billy mays with some fix a flat patches cause this is some serious shit for them, they are now on a sinking ship and they are going to make some desperate moves to change the narrative...
Adding a bullet point, China has huge domestic demand for real estate investment properties based on price appreciation rather than rental income and the idea that physical real estate will have long term intrinsic value. I think a lot of the units have been sold to middle class Chinese, hence it had to exist but nobody planned to live there
i'm just a stoner telling you shit i've picked up dorking out on the china situation., i'm just trying to pass on what i know in an ELI5 way that a stoner like me can relate to...
because it's a multi-layered effect...
you're putting people to work, even if they aren't being paid much and aren't really doing anything real it's still a job you can put on paper.
you're showing growth of giant mega cities all over the country, giving the false impression that this secretive authoritarian country is foreign ahead to the next century and keep in mind they weren't really going after the US with these projects, it was more of a dog and pony show to bolster their belt and road imitative showing chinas willingness to undertake massive infrastructure projects
building housing shows "strength" in their government to lead and provide for it's citizens, even if it's all faker than pornstar titties it's still something they can show their people and the world that their way works and they are able to provide for their people
it worked as a massive real estate hedge for worldwide investments... money came pouring in because the speculation was that you could buy there buildings on the cheap chinese currency then bank when the currency took off. so it allowed the CCP to shovel up cash, much more than they were putting out. money came in from all over the world into this fake nonsense... like a giant ponzi scheme.
it allowed china to go develop undeveloped parts of the country, forcing farmers off their land and into these cities... to bring more people into their control and influence. to be dependent on the CCP.
lastly (there are others) it gave manufacturing more room to spread out, by telling these big multinational companies "no problem, come invest here, build your factories here, we've got massive cites that we are going to fill with a workforce ready to go.
bottom line is what the world thinks goes on with china and what actually does are two very different things, the CCP makes sure of that. they will lie and cheat and steal all they want, there is no international body that has the balls to stop them... trump was the only one with the balls to do so and look what they did in response... they unleased a bioweapon to help get him out of office.
china is an undeniable threat, one that we allowed to happen, the ghost cities were just one piece to this puzzle but a very important one... it's like someone is standing on a rowboat in the middle of the ocean and started shooting a shotgun into the floor...
better get billy mays with some fix a flat patches cause this is some serious shit for them, they are now on a sinking ship and they are going to make some desperate moves to change the narrative...
taiwan is now 100% in the crosshairs.
Adding a bullet point, China has huge domestic demand for real estate investment properties based on price appreciation rather than rental income and the idea that physical real estate will have long term intrinsic value. I think a lot of the units have been sold to middle class Chinese, hence it had to exist but nobody planned to live there
an excellent addition to that list i cobbled together... there are many reasons why they did this, honestly we are just giving the most obvious ones.
Wish I could upvote 5 times, very succinct and spot on
Thanks for this very good explanation
np
i'm just a stoner telling you shit i've picked up dorking out on the china situation., i'm just trying to pass on what i know in an ELI5 way that a stoner like me can relate to...
just glad it translates.