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Why is China building eerie 'ghost cities'?
Posted By -NO AUTHOR- On 02/06/2011 @ 9:51 pm In Front Page | Comments Disabled
Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.
Why is China constructing large, well-designed “ghost cities” that are completely devoid of people?
China’s empty roads (source: Business Insider)
Jerome Corsi’s Red Alert reports
Google Earth photographs of China depict city after city of vast complexes consisting of office skyscrapers, government buildings, apartment buildings, residential towers and homes, all connected by networks of empty roads – with some of the cities located in China’s truly most inhospitable locations.
Images of these “ghost cities” – after countless billions of dollars have been spent on the towns’ design and construction – reveal nobody lives in them.
“The photographs look like giant movie sets prepared to film apocalyptic motion pictures in which some sort of a neutron war or bizarre natural disaster has eliminated people from the face of the earth while leaving the skyscrapers, sports stadiums, parks and roads perfectly intact,” Corsi noted. “One of China’s ghost cities is actually built in the middle of a desert in Inner Mongolia.”
Business Insider ran a series of photos of these Chinese ghost cities. One showed no cars in the city except for approximately 100 parked in largely empty lots clustered around a government building, and another showed a beautiful wetland park with people added using Photoshop.
No cars in the city, except for a few dozen parked at the government center (source: Business Insider)
China now has an estimated inventory of 64 million vacant homes. It is building up to 20 new ghost cities a year on the country’s “vast swathes of free land.”
Empty roads in Zhengzhou (source: Panoramio)
ScallyWagAndVagabond.com quoted Patrick Chovanec, a business teacher at Tsinghua University in Beijing, who explained, “Who wants to be the mayor who reports that he didn’t get 8 percent GDP growth this year? Nobody wants to come forward with that. So the incentives in the system are to build. And if that’s the easiest way to achieve growth, then you build.”
For more information on China’s ghost cities, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.“
Red Alert’s author, who received a doctorate from Harvard in political science in 1972, is the author of the No. 1 New York Times best-sellers “The Obama Nation” and (with co-author John E. O’Neill) “Unfit for Command.” He is also the author of several other books, including “America for Sale,” “The Late Great U.S.A.” and “Why Israel Can’t Wait.” In addition to serving as a senior staff reporter for WorldNetDaily, Corsi is a senior managing director in the financial-services group at Gilford Securities.
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Disclosure: Gilford Securities, founded in 1979, is a full-service boutique investment firm headquartered in New York City providing an array of financial services to institutional and retail clients, from investment banking and equity research to retirement planning and wealth-management services. The views, opinions, positions or strategies expressed by the author are his alone and do not necessarily reflect Gilford Securities Incorporated’s views, opinions, positions or strategies. Gilford Securities Incorporated makes no representations as to accuracy, completeness, currentness, suitability or validity of any information expressed herein and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use.
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