Scary New Satellite Pictures Of China's Ghost Cities
This is Zhengdong New Area, the Hennan Province ghost city toured by "60 Minutes."
The central business district features a ring of significantly vacant skyscrapers.
See any people?
Nearby are housing developments with few signs of habitation.
See any cars?
This is just the start of a massive expansion meant to create a new city with a population of 5 million.
Developers are reportedly running out of money and abandoning projects midway through construction.
Source: 60 Minutes
Meanwhile in Yunnan Province, Chenggong is building skyscrapers by the hundreds.
Source: Forensic Asia Limited
Chenggong already has 100,000 new apartments with no occupants.
Source: Forensic Asia Limited
Chenggong has two new universities, both of them which look mostly empty.
Source: Forensic Asia Limited
Meanwhile in Inner Mongolia, Ordos is full of housing developments with few signs of life.
Check out this empty luxury development.
Despite the "ghost" areas, Ordos hosted the Miss World beauty pageant in 2012 (it does not lack in impressive public buildings).
Meanwhile in Jiangsu there are empty housing developments as far as the eye can see.
Look closer: See anyone?
Meanwhile in Hunan Province, Changsha — a city twice as big as Los Angeles —is expanding rapidly to the east and the west.
A closer look at empty developments outside Chengsha.
And another one ...
Out in Inner Mongolia, Erenhot was built in the middle of a desert.
While the city is mostly unfinished or uninhabited, of course there is a monumental local government building (or is that a luxury hotel?).
There are also some large empty developments in Xinyang.
Take a closer look: See anyone?
With as many as 64 million vacant apartments in China, this could be just the tip of the iceberg.
A big housing crash could cause big problems
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