Baidu Data Research Reveals China's Ghost Cities (thestack.com)
An anonymous reader writes: Chinese web services giant, Baidu, has embarked on a new study in which it uses location information from users' mobile devices, as well as mapping and building data, to identify areas with high volumes of construction with relatively low population densities — known as 'ghost cities.' The researchers, in the published findings Ghost Cities: Analysis Based on Positioning Data in China, were able to discount areas which experienced high levels of tourism which skew the figures in peak seasons. The Baidu Big Data team discovered 50 ghost cities, although only 20 of these were revealed in the report to avoid potential harm to the real estate market in these areas.
Living in a ghost city gives me fast enough internet to get first post.
-=This sig has nothing to do with my comment. Move along now=-
How about relocating Syrian refugees into these unused housing units?
Is anyone else surprised that Baidu was willing and able to conduct and publish this study without intervention from the Chinese government?
> although only 20 of these were revealed in the report to avoid potential harm to the real estate market in these areas.
Wow. This is a new low for capitalism. Can't reveal facts because someone might lose money if they ever came to light ! /sarcasm And here I thought only the USA had the best government money can buy.
Lead researcher, Guanghua Chi hopes that the study will help the Chinese government...
And the Chinese government hopes Guanghua Chi's organs enjoy long, prosperous lives in their new [wealthy, Australian] bodies...
Why would it be any different for the refugees? It's kinda like when they relocated all those dirt poor black share croppers to the projects in the 70s and then Reagan pulled the funding sending them into a perpetual spiral of poverty. Did I say 'kinda'?
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
The primary way for Chinese people to legally invest money is to buy property, so many of these units go to property speculators trying to earn a return. Also, China plans far in advance, and the people have been moving from the country to the cities at an amazing rate there, so they are taking the long view and building housing for the boom that has been ongoing for decades. They won't always be ghost cities, but currently no one lives there.
http://blogs.reuters.com/great...
APK likes to ask for responses to the same things over and over. Maybe he just likes the responses?
"only 20 of these were revealed in the report to avoid potential harm to the real estate market in these areas" To avoid harm to a market, they are willing to withhold the truth, which potentially harms everyone who is considering purchasing (or even renting) a property in that market.
China's so-called ghost cities are actually just very, very new. http://blogs.reuters.com/great... What actually seems to happen is that developers (the real estate kind, not the Steve Ballmer kind) buy land for cheap because it's far from any existing population center, but Chinese law requires them to build something rather than sitting on it. So all these developers build all this stuff, and after a few years people start moving in and the ghost cities become just plain cities.
Writhe your naked ass to the mindless groove.
This is how China operates! Only good news is reported. Bad news is not.
You misspelled communism.
I love Jesus, except for his foreign policy.
I think it's been mentioned before that China is moving a lot of its rural population into cities to allow them to provide government services more efficiently, as well as create a larger consumer culture. At the same time, one of the only stable stores of wealth for Chinese is real estate. As many articles lately have mentioned, the stock market is even more speculative than ours and not suitable for long term investing. The only issue now is filling all these empty spaces so the original investors can get their money out.
We'll see what they have in mind for this next phase, but China has been remarkably good at long term central planning. It's something missing in Western countries -- the full control of authoritarianism while doing anything necessary to grow the economy. It'll be interesting to see what happens.
More like state capitalism, aka fascism.
putting the 'B' in LGBTQ+
Which has been the typical result of every communist country (self-declared communist, at that) ever.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!