Why are there dozens of ‚ghost cities‘ in China? (ABC News (Australia), Am 26.06.2018 veröffentlicht)

[26 Jun 2018]: Built for a population that never came, about 50 of these surreal sites lay desolate across the country. … „The phenomenon very much has been driven by the debt splurge that really kicked into gear after the global financial crisis,“ Mr McMahon said. … 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. …| https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186 // https://en.wikipedia.org/wiki/Under-occupied_developments_in_China