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CHINA GDP Per capita estimated in 2018 :$10,087

Yes, they can keep calling China developing and primitive countries like Greece, Portugal and many Western countries first world. It is kind of chauvinism and racism. Same as Korea is still being an "emerging market", while much more primitive and unstable countries like Spain are "developed". Western rating agencies and lenders are also bias by their chauvinism and racism, I believe.

That was why they said the Phillipines would be the most developed in Asia after Japan in 1960s (all because they are English speaker, Christian, western style democracy, ...), while today, it is going to be the most backward and hopeless country in South East Asia, even worse off than Cambodia (yes I know their GDP per capita, nominally, is still higher). It turns out that all of the so-called advantages mentioned above are poisonous.
 
Hats off to the Hard Work China has done in Growth and HDI.
You are a role model for us all.

China has done well on the front of economic development but they can never be a model for India. We can not take the way china took for economic development.
 
China has done well on the front of economic development but they can never be a model for India. We can not take the way china took for economic development.

Well said. What I meant was, the achievement.
Where they reached within a short span of time, their commitment. Which is no doubt commendable.

Ofcourse, ChinaCis also faving side effevta of this fast pace. We must take a different path to avoid the issues China is facing owing to that fast Growth.
 
Well said. What I meant was, the achievement.
Where they reached within a short span of time, their commitment. Which is no doubt commendable.

Ofcourse, ChinaCis also faving side effevta of this fast pace. We must take a different path to avoid the issues China is facing owing to that fast Growth.

No issue is second thing. Can you take land of farmers without their will in India to build a road? China can vacate towns and cities to do that.
 
Developing country
Real developed countries should be always developing.
But most developed countries stop there, no current development to match the change.
China should strive for a developing developed country.


Well said. What I meant was, the achievement.
Where they reached within a short span of time, their commitment. Which is no doubt commendable.

Ofcourse, ChinaCis also faving side effevta of this fast pace. We must take a different path to avoid the issues China is facing owing to that fast Growth.
Sadly all problems China are facing are getting better, but faced by india in the meantime and getting worse.
And india is also facing lots f devastating problems China has never faced.
Good luck.

Yes, they can keep calling China developing and primitive countries like Greece, Portugal and many Western countries first world. It is kind of chauvinism and racism. Same as Korea is still being an "emerging market", while much more primitive and unstable countries like Spain are "developed". Western rating agencies and lenders are also bias by their chauvinism and racism, I believe.

That was why they said the Phillipines would be the most developed in Asia after Japan in 1960s (all because they are English speaker, Christian, western style democracy, ...), while today, it is going to be the most backward and hopeless country in South East Asia, even worse off than Cambodia (yes I know their GDP per capita, nominally, is still higher). It turns out that all of the so-called advantages mentioned above are poisonous.
I find it weird to see indians and many others call these rural villages and cities in China's poor west "developed".
We have of course different criteria for "developed".
Even we become "developed", we remain a country which is always developing and striving for better.

Yunnan Province, among top 5 poorest provinces in China's West.
 
No issue is second thing. Can you take land of farmers without their will in India to build a road? China can vacate towns and cities to do that.
1)British law stipulates that the British government has the right to auction the remaining 20% of the owner's property at a flat price with the consent of 80% or above of all owners.
The Chinese government bought land from farmers, and many Chinese farmers made a fortune. My parents often complained about why their lands were not requisitioned.

2)If the Chinese government can requisition land for free, Chinese farmers must learn from Mao Zedong's revolution to react. It is obvious that you have been brainwashed by the BBC and CNN news. Many Chinese farmers are not willing to sell land, not because they are forced to sell, but because they are too greedy (well who is not?): if the purchase price is 3 million yuan, some Chinese farmers must have 6 millions or 10 millions yuan, and they also like to put them on public network to buy more sympathies.

below some exemples in China:
u=2755248811,2032845782&fm=173&app=25&f=JPEG
7e8906f8bb0543769e082895b606c33a.jpeg

This guy ask the price tripled than the price offered by the gov and the real estate company and has been refused,similar below...
u=439074462,581772768&fm=173&app=49&f=JPEG
u=2646276221,705013287&fm=173&app=49&f=JPEG

u=28406687,4288301304&fm=173&app=49&f=JPEG

0303aec17e2d4b4db6d2d1149c1eb326.jpeg
1bfeefc4b8954157833f2e8f41d7f80a.jpeg
6252edb95bfb4581a165c58273b405f7.jpeg
9ca8ce8942554563995aec886f9755e5.jpeg
u=860290208,2157193545&fm=173&s=411E3FD04E5456CE0A1899650300B077&w=430&h=341&img.JPEG

If the Chinese Communist government is so cruel, why are these owners’ houses (not agreeing to be acquired) still exist?
 
1)British law stipulates that the British government has the right to auction the remaining 20% of the owner's property at a flat price with the consent of 80% or above of all owners.
The Chinese government bought land from farmers, and many Chinese farmers made a fortune. My parents often complained about why their lands were not requisitioned.

2)If the Chinese government can requisition land for free, Chinese farmers must learn from Mao Zedong's revolution to react. It is obvious that you have been brainwashed by the BBC and CNN news. Many Chinese farmers are not willing to sell land, not because they are forced to sell, but because they are too greedy (well who is not?): if the purchase price is 3 million yuan, some Chinese farmers must have 6 millions or 10 millions yuan, and they also like to put them on public network to buy more sympathies.

below some exemples in China:
u=2755248811,2032845782&fm=173&app=25&f=JPEG
7e8906f8bb0543769e082895b606c33a.jpeg

This guy ask the price tripled than the price offered by the gov and the real estate company and has been refused,similar below...
u=439074462,581772768&fm=173&app=49&f=JPEG
u=2646276221,705013287&fm=173&app=49&f=JPEG

u=28406687,4288301304&fm=173&app=49&f=JPEG

0303aec17e2d4b4db6d2d1149c1eb326.jpeg
1bfeefc4b8954157833f2e8f41d7f80a.jpeg
6252edb95bfb4581a165c58273b405f7.jpeg
9ca8ce8942554563995aec886f9755e5.jpeg
u=860290208,2157193545&fm=173&s=411E3FD04E5456CE0A1899650300B077&w=430&h=341&img.JPEG

If the Chinese Communist government is so cruel, why are these owners’ houses (not agreeing to be acquired) still exist?
Cos there r so many Ghost town in useless country like CN already, why should keep building more ??
 
Cos there r so many Ghost town in useless country like CN already, why should keep building more ??
There is no Ghost towns in China!

1)At present, China's real estate sales use the Hong Kong model: 1) Pre-sale system, the building will not be finished while the money has already been paid, 2) Most of the Chinese buildings are sold in rough/unrenovated status; US CNN runway Zhengzhou New District visit, most of them are rough houses, and the night lights are rarely normal.
And that is ghost city??!
2) Ghost towns in China Zhengzhou
u=2780584964,537840152&fm=170&s=0EBA4A870B411B517E9D511E03005010&w=591&h=1415&img.JPG

210990091.jpg

210990552.jpg
210990802.jpg

Two years later reality after infrastructures and innerdecoration finished
210990267.jpg
210990683.jpg
210990383.jpg

210990886.jpg
210991255.jpg

u=3207596284,150711545&fm=170&s=B87A60865FE3824B167838890300A08D&w=640&h=427&img.JPG

夜色温柔

u=3504014540,1638747322&fm=170&s=B23B71849512247314631F810300708E&w=640&h=260&img.JPG

街市繁华

u=3718927082,3607211074&fm=170&s=319E77913EBB320D70A8CD01030030E3&w=640&h=364&img.JPG

210991413.jpg
210991759.jpg

Those poeplemust be ghosts

211037993.jpg


http://bbs.tianya.cn/post-333-654199-1.shtml
10170548_997231.jpg


All Chinese are worried about higher and higher housing prices, and there are still foreigners who believe that China has ghost towns.
This really makes me feel very funny.
 
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There is no Ghost towns in China!

1)At present, China's real estate sales use the Hong Kong model: 1) Pre-sale system, the building will not be paid for the building, 2) Most of the Chinese buildings are sold in rough/unrenovated status; US CNN runway Zhengzhou New District visit, large Some of them are rough houses, and the night lights are rarely normal.
2) Ghost towns in China Zhengzhou
u=2780584964,537840152&fm=170&s=0EBA4A870B411B517E9D511E03005010&w=591&h=1415&img.JPG

http://bbs.tianya.cn/post-333-654199-1.shtml
10170548_997231.jpg


All Chinese are worried about higher and higher housing prices, and there are still foreigners who believe that China has ghost towns.
This really makes me feel very funny.
News in 2018


China's eerie ghost cities a 'symptom' of the country's economic troubles and housing bubble
The World
By Tracey Shelton, Christina Zhou and Ning Pan
Updated 26 Jun 2018, 1:09pm

Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.

VIDEO: Why are there dozens of 'ghost cities' in China? (Photo: J Capital research group, Footage: Wade Shepard) (ABC News)

Fancy villas, high-rise apartment blocks, lakes, parks and sprawling road networks: Ghost cities in China have it all. Just one crucial element is missing — the people.

Key points:
  • There may be as many as 64 million empty apartments in China
  • Many people buy the properties as an investment with no intention of ever moving in
  • Author says ghost cities show growth is driven by debt in China

Built for a population that never came, about 50 of these surreal sites lay desolate across the country. But still the construction continues.

These new cities are usually built in rural areas on the outskirts of existing cities.

Designed for populations numbering in the hundreds of thousands, the mass construction projects can include towering high-rise condominiums, huge shopping centres, city squares, street lights and replicas of cities in Europe and elsewhere.

PHOTO: The Yitian Eiffel is one of at least three replica Eiffel Towers in China. (Supplied: J Capital Research)


Dinny McMahon, author of China's Great Wall of Debt, explained the driving force behind the new construction projects, seemingly built for no-one.

"The phenomenon very much has been driven by the debt splurge that really kicked into gear after the global financial crisis," Mr McMahon said.

"Local governments around the country tried to juice and stimulate their economies by building more infrastructure and stimulating the property market."

This seemingly wasteful construction is carried out by both state-owned firms and private companies.

"Private property developers will build housing in places that end up being ghost cities because they believe in the ability of the Chinese property market to only go up and up and up," he said.

'64 million empty apartments'
PHOTO: Many people have bought ghost city properties as an investment with no intention of ever moving in.(Supplied: J Capital Research)


China's housing vacancy rates, like many other potentially sensitive data, is shrouded in secrecy.

It is believed the number of empty apartments could have hit as many as 64.5 million — the number of properties that State Grid Corporation of China confirmed to the Beijing Morning Post as not having used electricity for six consecutive months in 2010. However, the state-owned company refuted that number to another Chinese media outlet just days later.

---------------------------------------------

'Building an incredible amount of waste'
PHOTO: Yujiapu Financial District in China's Tianjin Binhai New Area is inspired by Manhattan. (Supplied: Wade Shepard)


While other ghost cities might be largely empty, the apartments were mostly sold, Mr McMahon said.

Many people buy the property for investment with no intention of ever moving in, so supply significantly outweighed demand.

"And this speaks to the underlying problem of the Chinese economy … the importance of the property market and the extent to which it's actually a bubble propping up prices," he said.

PHOTO: A ghost mall in Zhengdong, China.(Supplied: Wade Shepard)


"It's incredibly difficult to measure and it's incredibly difficult to say if and when things might actually go pear-shaped because the Government has done an incredible job at managing prices and insuring the whole thing doesn't fall apart."

Mr McMahon said he believed ghost cities were a "symptom of the problem" of how the Chinese economy worked, where growth was driven by debt.

"We're now in a position in the Chinese economy where so much debt has been accumulated in the interest of building an incredible amount of waste, whether it be empty housing, empty factories, infrastructure in cities where the local authorities can never repay it … that sort of model of economic growth cannot continue," he said.

"Everybody knows it. The officials in Beijing know it and have been trying very aggressively to both wean the economy off debt and try and come up with a new driver of growth."

PHOTO: Mr McMahon believes ghost cities are a "symptom of the problem" of how the Chinese economy works.(Supplied: J Capital Research)


Officials in Beijing talk a lot about needing to move up the value chain into more technologically advanced industries, and that innovation is the way of the future for the Chinese economy.

"But at the moment, Beijing is really between a rock and a hard place because the economic growth is dependent on the accumulation of debt used to build stuff and it's no longer sustainable without potentially something going very, very wrong."
https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186
 
News in 2018


China's eerie ghost cities a 'symptom' of the country's economic troubles and housing bubble
The World
By Tracey Shelton, Christina Zhou and Ning Pan
Updated 26 Jun 2018, 1:09pm

Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.

VIDEO: Why are there dozens of 'ghost cities' in China? (Photo: J Capital research group, Footage: Wade Shepard) (ABC News)

Fancy villas, high-rise apartment blocks, lakes, parks and sprawling road networks: Ghost cities in China have it all. Just one crucial element is missing — the people.

Key points:
  • There may be as many as 64 million empty apartments in China
  • Many people buy the properties as an investment with no intention of ever moving in
  • Author says ghost cities show growth is driven by debt in China

Built for a population that never came, about 50 of these surreal sites lay desolate across the country. But still the construction continues.

These new cities are usually built in rural areas on the outskirts of existing cities.

Designed for populations numbering in the hundreds of thousands, the mass construction projects can include towering high-rise condominiums, huge shopping centres, city squares, street lights and replicas of cities in Europe and elsewhere.

PHOTO: The Yitian Eiffel is one of at least three replica Eiffel Towers in China. (Supplied: J Capital Research)


Dinny McMahon, author of China's Great Wall of Debt, explained the driving force behind the new construction projects, seemingly built for no-one.

"The phenomenon very much has been driven by the debt splurge that really kicked into gear after the global financial crisis," Mr McMahon said.

"Local governments around the country tried to juice and stimulate their economies by building more infrastructure and stimulating the property market."

This seemingly wasteful construction is carried out by both state-owned firms and private companies.

"Private property developers will build housing in places that end up being ghost cities because they believe in the ability of the Chinese property market to only go up and up and up," he said.

'64 million empty apartments'
PHOTO: Many people have bought ghost city properties as an investment with no intention of ever moving in.(Supplied: J Capital Research)


China's housing vacancy rates, like many other potentially sensitive data, is shrouded in secrecy.

It is believed the number of empty apartments could have hit as many as 64.5 million — the number of properties that State Grid Corporation of China confirmed to the Beijing Morning Post as not having used electricity for six consecutive months in 2010. However, the state-owned company refuted that number to another Chinese media outlet just days later.

---------------------------------------------

'Building an incredible amount of waste'
PHOTO: Yujiapu Financial District in China's Tianjin Binhai New Area is inspired by Manhattan. (Supplied: Wade Shepard)


While other ghost cities might be largely empty, the apartments were mostly sold, Mr McMahon said.

Many people buy the property for investment with no intention of ever moving in, so supply significantly outweighed demand.

"And this speaks to the underlying problem of the Chinese economy … the importance of the property market and the extent to which it's actually a bubble propping up prices," he said.

PHOTO: A ghost mall in Zhengdong, China.(Supplied: Wade Shepard)


"It's incredibly difficult to measure and it's incredibly difficult to say if and when things might actually go pear-shaped because the Government has done an incredible job at managing prices and insuring the whole thing doesn't fall apart."

Mr McMahon said he believed ghost cities were a "symptom of the problem" of how the Chinese economy worked, where growth was driven by debt.

"We're now in a position in the Chinese economy where so much debt has been accumulated in the interest of building an incredible amount of waste, whether it be empty housing, empty factories, infrastructure in cities where the local authorities can never repay it … that sort of model of economic growth cannot continue," he said.

"Everybody knows it. The officials in Beijing know it and have been trying very aggressively to both wean the economy off debt and try and come up with a new driver of growth."

PHOTO: Mr McMahon believes ghost cities are a "symptom of the problem" of how the Chinese economy works.(Supplied: J Capital Research)


Officials in Beijing talk a lot about needing to move up the value chain into more technologically advanced industries, and that innovation is the way of the future for the Chinese economy.

"But at the moment, Beijing is really between a rock and a hard place because the economic growth is dependent on the accumulation of debt used to build stuff and it's no longer sustainable without potentially something going very, very wrong."
https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186
If this make you feel good,then keep think this way,like China can not innovate in techs and Huawei Mate 20 Pro and alibaba is fake products!

as well as all chinese are dog eaters!

Please post more those news,I like to be amused with!
 
If this make you feel good,then keep think this way,like China can not innovate in techs and Huawei Mate 20 Pro and alibaba is fake products!

as well as all chinese are dog eaters!

Please post more those news,I like to be amused with!

No need to be angry. Everyone can have his own idea and we can share on this forum. Some can be radical and extreme.
 
This is the place where I live
Huangtu town,Jiangyin county,Wuxi city,Jiangsu Province,CHINA
IMG_20181208_141910.jpg
IMG_20181208_141901.jpg
IMG_20181208_141854.jpg

Still under mass production,I guess I am living in a ghost town myself,however,my county level city has 1.65 millions habitants and the above Wuxi minicipal city has 6.65 millions habitants,i can prove it myself this is definitely not a ghost city,i need to argue with some one sometimes to get a parking place.
 
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If this make you feel good,then keep think this way,like China can not innovate in techs and Huawei Mate 20 Pro and alibaba is fake products!

as well as all chinese are dog eaters!

Please post more those news,I like to be amused with!
I'm not bias, dude. CN housing price keep going up cos the apartments were mostly sold, but No people living there cos those apartments r just investment, not for living.

Your Huawei Mate 20 Pro will not make money from US (and maybe EU soon ) cos its a toxic wt spy ware product (based on US accusation) and maybe only can make profit from CN and India.

CN GDP reach 10,000 USD only mean that foreign companies like Apple pay Cnese workers higher salary while CN products suck and full of spyware and cant make good profit.
 

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