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Nairaland Forum / Nairaland / General / Business / China's Ghost Towns And Phantom Malls (13897 Views)
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China's Ghost Towns And Phantom Malls by Obiagu1(m): 8:23pm On Aug 14, 2012 |
As growth slows, China's huge investment in infrastructure is looking ever harder to sustain, leaving a string of ambitious projects - towns, shopping malls and even a theme park - empty and forlorn. http://www.bbc.co.uk/news/magazine-19049254 So which are the most striking of these white elephants? |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 8:24pm On Aug 14, 2012 |
New city of Chenggong, Yunnan http://www.bbc.co.uk/news/magazine-19049254 |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 8:26pm On Aug 14, 2012 |
New South China Mall, Dongguang, Guangdong http://www.bbc.co.uk/news/magazine-19049254 |
Re: China's Ghost Towns And Phantom Malls by asha80(m): 8:28pm On Aug 14, 2012 |
maybe because there are no actual productive business in the towns?shopping malls are not really productive businesses per say.they need a large concetration of people in area to thrive unless the town is a trade route. |
Re: China's Ghost Towns And Phantom Malls by 999666: 8:40pm On Aug 14, 2012 |
I believe this is the link: http://www.bbc.co.uk/news/magazine-19049254 The Chinese are not really interested in living in exact replica of a British countryside or a Manhattan style island; all they want to do is to be gainfully employed at building them. 1 Like |
Re: China's Ghost Towns And Phantom Malls by 2mch(m): 8:44pm On Aug 14, 2012 |
Everyone wants to be where the action is. If you like build 1million malls, if work, money and businesses is lacking the place will be dead. They will have to give companies an incentive to create branches in that place before anything starts happening there. This is a pure case of developers underestimating human behavior and not involving government/companies in their plans. |
Re: China's Ghost Towns And Phantom Malls by asha80(m): 8:50pm On Aug 14, 2012 |
999_666: I believe this is the link: maybe the developers did not factor that. |
Re: China's Ghost Towns And Phantom Malls by 999666: 9:00pm On Aug 14, 2012 |
I am no doomsayer but i think this article gives a better perspective of the disadvantages of having access to cheap credit and market speculation: http://www.foreignpolicy.com/articles/2012/08/03/china_s_debt_bomb Although I think that the author is a little bit condescending in his write up |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 12:33am On Aug 15, 2012 |
Wonderland Amusement Park, Nankou Town, Changping http://www.bbc.co.uk/news/magazine-19049254 |
Re: China's Ghost Towns And Phantom Malls by ektbear: 12:35am On Aug 15, 2012 |
Interesting. Nice thread. |
Re: China's Ghost Towns And Phantom Malls by pcicero(m): 12:57am On Aug 15, 2012 |
I'm afraid the same fate might await our Tinapa. I heard the malls are largely unoccupied. The FG and Cross River state govt should resolve all the thorny issues revolving around it to prevent it from going down the drain. |
Re: China's Ghost Towns And Phantom Malls by 2mch(m): 1:06am On Aug 15, 2012 |
pcicero: I'm afraid the same fate might await our Tinapa. I heard the malls are largely unoccupied. I think Tinapa can work if it becomes a hub for the railways. That is every region has access to it by railway. Fast and efficient railways. Railways will become Nigeria's most secure form of transportation in years to come. The state government on its own can start promoting enterprenuership by providing loans to small scale enterprenuers who have property as collateral and giving them adequate time to repay the loans. They should prevent companies like Shoprite and Walmart from entering their state. Unlike my foolish state government of Lagos 1 Like |
Re: China's Ghost Towns And Phantom Malls by fuqua: 2:16am On Aug 15, 2012 |
Re: China's Ghost Towns And Phantom Malls by Kenyaphilia: 3:07am On Aug 15, 2012 |
Obiagu1: New South China Mall, Dongguang, GuangdongWhen it comes to the worshiping of anything white/Caucasian, the Chinese and the Filipinos excel with flying colors. Imagine they are building these things for their people and choosing Caucasian faces to advertise them |
Re: China's Ghost Towns And Phantom Malls by Kenyaphilia: 3:10am On Aug 15, 2012 |
Obiagu1: As growth slows, China's huge investment in infrastructure is looking ever harder to sustain, leaving a string of ambitious projects - towns, shopping malls and even a theme park - empty and forlorn.By the way, they also built these ghost cities in Angola. It is quite massive but the apartments are way expensive. |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 3:26am On Aug 15, 2012 |
Thames Town, Shanghai http://www.bbc.co.uk/news/magazine-19049254 |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 3:27am On Aug 15, 2012 |
New business district, Yujiapu, Tianjin http://www.bbc.co.uk/news/magazine-19049254 |
Re: China's Ghost Towns And Phantom Malls by Obiagu1(m): 3:33am On Aug 15, 2012 |
Tinapa Resort, Calabar, Nigeria |
Re: China's Ghost Towns And Phantom Malls by Duxe(f): 4:00am On Aug 15, 2012 |
Tinapa booms mainly during xmas. Even at that, it is mostly d swimming pool that attracts people. That being said..visit calabar this xmas, n have a life time experience! |
Re: China's Ghost Towns And Phantom Malls by dasparrow: 4:04am On Aug 15, 2012 |
@Post Interesting thread. I just finished watching the youtube video someone posted on this thread. Men, face-me-I-face-you style of cohabiting is not just found in Africa oh! Chai! Poverty dey China. No wonder they (chinese) keep flocking to Africa as economic scavengers. We Africans better look out before chinese people take over our homeland. You people should watch the youtube video that was posted in this thread by a fellow forumite and educate yourselves. Nowhere is rosy in this world anymore. |
Re: China's Ghost Towns And Phantom Malls by alienYOUTH(m): 4:13am On Aug 15, 2012 |
cc @Moderators This is d kind of Topic dat shld be making frontpage...not pictures of anorexic baboons dat claim to resemble Rihanna. More of this pls. |
Re: China's Ghost Towns And Phantom Malls by Nobody: 4:32am On Aug 15, 2012 |
I really have to see this thread on a pc before i make a valid comment |
Re: China's Ghost Towns And Phantom Malls by duni04(m): 6:01am On Aug 15, 2012 |
2mch:So that u and your father's company will come and sell us dirty meat or maggot infested bread abi. Nonsense! Wonder if u even went to school. Do you know how much the Lagos state government is earning from taxes from these malls? How much could small scale shop owners possibly contribute in taxes to debt ridden cross rivers state? Will people travel from across Nigeria to Tinapa to shop from small scale shop owners? I suggest you stop spewing nonsense on the internet and put on your thinkink cap for once. |
Re: China's Ghost Towns And Phantom Malls by martin92(m): 6:34am On Aug 15, 2012 |
mtcheew. Hw does dis change the price of garri in the market 1 Like |
Re: China's Ghost Towns And Phantom Malls by Nobody: 6:37am On Aug 15, 2012 |
This is biased Reporting. China is planning for the future. During the time of economic growth and Oil windfall, this is what Abacha was supposed to do, massive infrastructural developments. If China does not invest in infrastructural developments, where else do you expect them to plough back the excessive liquidity in the system. In foreign reserves in USA, Switzerland and UK like Nigeria and other third world countries do? I think what the government needs to do now is introduce mortgage subsidy in the housing market and make it available to the poor. China is building for the future and its admirable. Its a monumental display of positivism to keep building more even when there are many ghost towns, and its quite a lesson to learn from such courage. Even if its a way of providing jobs for the teaming population. USA needs to start learning from China in this regard instead of criticizing. I know they are using their press in the last attempt to rubbish China. The China I know, can not be stopped via propaganda. 4 Likes |
Re: China's Ghost Towns And Phantom Malls by gregg2: 7:06am On Aug 15, 2012 |
Interesting thread. . . but Tinapa will definitely bounce back. |
Re: China's Ghost Towns And Phantom Malls by Nobody: 7:20am On Aug 15, 2012 |
duni04: You also don't know that Tina pa was not set up to serve only the Nigerian market,Home grown businesses and shops could also pay the same amount of taxes.It is centrally located to serve west and central Africa with the right infrastructure people will come.Nigerians have been flying to Dubai to shop and holiday as well.Pls always allow people to say what they have to say,you dont have everything. |
Re: China's Ghost Towns And Phantom Malls by oiseworld: 8:10am On Aug 15, 2012 |
i enjoyed this. |
Re: China's Ghost Towns And Phantom Malls by duni04(m): 8:10am On Aug 15, 2012 |
olas2u:Ironic cos quiet a number of these 'strong' small businesses pulled out of Tinapa recently cos they couldn't cope with the exorbitant rent, even when they're not being charged taxes. Tinapa is also supposed to be tax free for a period of time hence the cross rivers state government stands to gain almost nothing, even when the place is up and running. The only incentive to the people of cross rivers is the money that potential tourists will spend while in the state, nothing else. Not taxes, not levies, nothing. |
Re: China's Ghost Towns And Phantom Malls by HisMajesty1(m): 8:19am On Aug 15, 2012 |
America and media imperialism! I dont know how, but my mind tells me that this infrastuctural investments by the Chinese will pay them sometime in the not to distant future. 1 Like |
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