> The ghost city of Ordos
Did you know Ordos has higher GDP per captica than HongKong?
Did you know Ordos has higher GDP per captica than HongKong?
The same logic applies to the entire country's GDP, BTW: take out spending on construction, and China's GDP growth looks a lot less impressive.
http://en.wikipedia.org/wiki/Ordos_City#Economy
I think it's comparable to Dubai.
http://en.wikipedia.org/wiki/Kangbashi_New_Area
Ordos City itself apparently has close to 2 million people, but there's a fully developed urban housing district designed for 300,000 which has only reached 10% occupancy since 2010.