“China’s Ghost Cities” were Supposed to be a Disaster

“China’s Ghost Cities” were Supposed to be a Disaster

“China’s Ghost Cities” were Supposed to be a Disaster By Jamie Mcintyre Back in the 1990s, much of Shanghai’s skyline didn’t even exist. Critics called it a “ghost city” that would never fill up. Today, it’s home to 25+ million people. The strategy was simple: • Build cities before demand arrives • Prepare for mass rural-to-urban migration • Move factories & government offices to new areas • Use real estate as a status symbol and investment tool…