We seldom write about China’s “ghost cities” because in our view they show little more than pockets of inefficiency from which every economy necessarily must suffer, particularly one as big and as centralized as China’s. So it was nice to receive the following guest post from Dirk Chilcote giving us additional reasons not to worry… Continue Reading
Tag Archives: Ghost Cities
China’s Ghost Cities. No Worry No Cry.
Posted in China BusinessI have always thought China’s ghost cities were overrated in terms of their economic importance/significance. The anti-China crowd loves to point at them as proof of China’s inefficiencies and evidence of an eventual and certain economic downfall. Yes, they do evidence inefficiencies, but so what? Go to even the most well functioning economy and you… Continue Reading
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