Spanning over three decades since its limited market reforms in 1978, China has seen a dramatic rise in GDP growth unprecedented in any scales before. It was still one of the world’s poorest when it decided to open up, with GDP per capita little more than 100 US$; as of today, it is, having defeated other ages-old industrial powers like Japan, Germany, France, and United Kingdom, the world’s second largest economy, with GDP values now gradually threatening those of the United States.
Okay, calm down, Washington, Beijing’s not gonna reclaim your throne that soon.
Since 2012, though, China has already experienced a slowing down, and, apparently, many of the by-products resulting from its overheating growth are now being felt across the whole country. Overproduction, property bubble, and environmental destruction, these are only a handful of negative consequences the country’s over-rapid growth has caused.
And property bubble, in particular, despite the country’s increasingly growing middle-class strata, has become a tremendous headache for the central government themselves. For this reason, the costs being paid are highly painful: ghost cities are mushrooming elsewhere. Imagine scenes of skyscrapers, shopping malls, office towers, and government buildings, and there are barely any persons living inside. They are plain dead concrete structures, with a complete void surrounding everything.
Ghost cities, in short, are merely tips of a huge iceberg, of something deeply going wrong with Chinese economy.
See the full photographs in Business Insider, and be ready to get yourself surprised.
Bonus: you can view GIFs here to see how spectacularly Chinese cities have grown in the last three decades (although some of them end up completely empty), still in Business Insider.
Even more bonus: Chinese developers, indeed, once built a huge metropolis in Angola, one of the country’s closest African oil trading partners, only to find out the whole city was completely uninhabited. See the pictures in the same website here.