Thursday, October 17, 2013

China's Building Cities So Fast, People Don't Have Time to Move In

China's Building Cities So Fast, People Don't Have Time to Move In


With an estimated 700 million of its billion or so residents now residing in urban areas, China has reached an important tipping point in its evolution from an agrarian to industrial economy. But this mass population migration, combined with China's insistence on central planning and general disdain for Keynesian theory, has resulted in an odd form of growing pain: massive, pre-fab cities built for a populace that doesn't even exist yet.

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Source: http://gizmodo.com/chinas-building-cities-so-fast-people-dont-have-time-1446570856
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