China’s ‘Ghost Cities’ Show Signs of Life

The video discusses China's development strategy, focusing on ghost cities and their evolution over time. Initially seen as potential property bubbles, many ghost cities are now filling up, driven by urbanization and strategic investments. The model involves creating new districts from scratch, attracting state-owned enterprises, and encouraging private capital. Despite demographic changes and slowing urbanization, China continues to build in anticipation of future growth.

What was the initial concern regarding China's ghost cities?

• They would not attract any residents.

• They were a result of debt-fueled growth leading to property bubbles.

• They would lack basic infrastructure.

• They would become overcrowded too quickly.

What is the primary strategy used to develop new districts in China?

• Building only residential areas.

• Focusing on agricultural development.

• Investing heavily in infrastructure and public spaces.

• Relying solely on private investments.

How does China initially stimulate growth in these new districts?

• By offering free housing to residents.

• By building only luxury condos.

• By inviting state-owned enterprises and providing subsidies.

• By reducing taxes for all businesses.

What significant demographic change has occurred in China since 1978?

• A decrease in urban population.

• An increase in rural population.

• A decrease in the number of new districts.

• An increase in urban population from 18% to 64%.

What is the ongoing trend in China's urban development?

• A halt in the construction of new districts.

• A focus on reducing urban population.

• A rapid increase in rural development.

• A continuous but slowing pace of urbanization.