China's GHOST TOWNS_ China’s Ghost Towns Haunt Its Economy

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China’s Ghost Towns Haunt Its Economy

As debt piles up, whole new cities of apartment towers sit largely empty amid flashy amenities such as museums, stadiums and a replica of the Sphinx; residents wonder when they’ll have neighbors


By Dominique Fong
June 15, 2018 11:33 a.m. ET

In China’s Inner Mongolia province, in the middle of the Gobi desert, row upon row of largely vacant apartment towers line the streets of Kangbashi, a new district of the city of Ordos. Earlier this month, Xu Yongfen and his family moved into one 28-story building. In the hallways there are a few signs of life—tricycles, slippers and pink children’s shoes in front of some doors. But most apartments remain unoccupied, their doors still covered in plastic wrap, and at street level, barren storefronts are visible in all directions. “This area is nearly totally empty,” Mr. Xu says, tapping a cigarette into a bowl of ashes...

READ MORE: https://www.wsj.com/articles/chinas-ghost-towns-haunt-its-economy-1529076819

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