The New CS Board

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China guancha ‘piss off’ 60-Minutes

China’s famous web site Guancha (meaning 'the Observer') quoted The Economist.com (see quote below), saying the so called Ghost city by '60 Minutes-Lesley Stahl', is booming

City Profile:
Zhengzhou http://en.wikipedia.org/wiki/Zhengzhou
population 8.6 million (2010)

new district projection (2020): around 4 million , city 3.23 million, sub 0.45 million

Chinese growth is losing altitude. Will it be a soft or hard landing?

http://www.economist.com/news/briefing/21648567-chinese-growth-losing-altitude-will-it-be-soft-or-hard-landing-coming-down-earth
Apr 18th 2015 | ZHENGZHOU

WHEN “60 Minutes”, an American television news programme, visited a new district in the metropolis of Zhengzhou in 2013, it made it the poster-child for China’s property bubble. “We found what they call a ghost city,” said Lesley Stahl, the host. “Uninhabited for miles and miles and miles and miles.” Two years on, she would not be able to say the same. The empty streets where she stood have a steady stream of cars. Workers saunter out of offices at lunchtime. Laundry hangs in the windows of the subdivisions.

copyright, no hot link
Freeway is jamming
http://cdn.static-economist.com/sites/default/files/imagecache/full-width/images/2015/04/articles/body/20150418_FBP002.jpg

copyright, no hot link
http://cdn.static-economist.com/sites/default/files/imagecache/full-width/images/2015/04/articles/main/20150418_FBP001.jpg

Read more:
http://www.economist.com/news/briefing/21648567-chinese-growth-losing-altitude-will-it-be-soft-or-hard-landing-coming-down-earth

hot link is permissible as long as full link is provided
( http://www.guancha.cn/local/2015_04_17_316352.shtml )

60 Minutes – 2 years ago – empty free way, empty town


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