Tuesday, December 28, 2010

E-mails From China: How A Few Young Chinese Are Experiencing The Chinese Miracle

I queried a few young Chinese for their thoughts on a recent Business Insider slideshow about the Ghost Cities of China.

Below I reproduce their brief, e-mailed thoughts, unedited. This is not meant to be scientific, thorough or necessarily indicative of anything other than these individuals' opinions and perceptions of this issue and those related. I still believe it proves interesting.

1.) Student, female, 25-yo, from Hunan province, graduated from the University of International Business and Economics, Beijing, currently studying communications at graduate school in the US and traveling abroad in her spare time:
I always think that the real estate is a bubble, people just keep investing and hoping the price to go up, fake value.
But about the first link, I don't really believe that, I've been to many cities in China, even some of the ones mentioned in the news, but I never see the emptiness like that. And the way a Chinese city develop is that the government will decide which area will become the next new district, then they will direct the business to that direction. Sometimes it takes years for an area to become the new district - probably that is what this news(1st one) is talking about...?
2.) Student. female, 23-yo, finishing a degree at University of International Business and Economics, Beijing, currently unemployed and living with family in Shanghai:
if ur asking my opinion id say these are probably not real.
there is no such place in china with perfect living condition with out human.
chinese are everywhere, i highly doubt the government could do this with anybody known about it.

realty business in china is a very hot topic. basically u can make lots of money by buying lands at a low price and selling the houses/buildings/apartments at much higher prices. thats what they thought about it, theoretically. but the truth is people who need to buy a house doesnt have money(enough money) to buy it. but there always are richmen buying properties like crazy, they think the price is not gonna go down so its a zero risk investment. in genenral, ppl who needs the house cant afford it and ppl whos actually buying them they dont need to live in them. thats why lots of new buildings are empty.
it happened before in hainan we call that property bubble. but at that time ppl were not interested and all the buildings in sanya were empty.
u can tell what happens right now its quite similar.

chinese government is about to rise a new decree about house duty on the purpose of lower the housing price. it might work, but it rises new problems as well.
i cant predict what will happen, but i think the essential problem is that, there are TOO MANY PEOPLE HERE!!!!!!! and we are all VERY POOR!!!!!
From another e-mail:
there are so many misunderstandings about china, but even we're chinese, sometimes we dont know what the hell is going on. but the inflation here is definitely worse than the government anouced it would be. chinese are buying like crazy but i dont think its because we're rich its because the money we're holding is devaluing better we change it in to goods.
I am waiting on responses from a few other individuals. This post may be updated later if I hear back from them.

UPDATE (1/13/2011):

I received another response to the ghost city links, this time from a Chinese national who is currently a teaching assistant at an American university:
They are very interesting sensational news articles, indicated in the choice of words as "Amazing" and "Ghost". It seems that the authors use satellite images embedded with a strong technocratic rational to establish the authenticity of their bold claims. The general public who are not aware of the facts in China may easily buy into these claims, however, for Chinese audience, they may easily detect the flaws in the arguments. For example, the caption for one image says "No cars in the city except for approximately 100 clustered around the government headquarters." To my knowledge, it could not be an evidence for the claim of "ghost city", since the majority of people in China still don't have their private cars and the primary transportation is public transportation system. Also, I'm not sure about the accuracy of all the statistics.

However, I agree that satellite images do present many meaningful messages regarding cities' construction. In order to convincingly argue for this certain interpretation, as a reader, I expect more recourses from different angles.
Skepticism is a common theme, it seems.

14 comments:

  1. Interesting. How did you find them?

    ReplyDelete
  2. BobE,

    Friends of a friend. I'm supposed to be getting a few more responses but they haven't arrived yet.

    ReplyDelete
  3. Wonderful stuff Taylor. I have actually live and have lived in Beijing for 15 years and thought you might want to check out Patrick Chovanec's blog, who says he leans Austrian ;)

    http://chovanec.wordpress.com/2010/11/17/sex-and-the-city-housing-market/

    ...not quite the anarcho libertarian that I am.. .but he is moving in the right direction.

    ReplyDelete
  4. Hi tianrui,

    Thank you for the link, I am going to check it out. I had been reading Michael Pettis' blog for awhile but unfortunately he is too Keynesian and his analysis was getting increasingly arbitrary as a result, so I stopped reading.

    ReplyDelete
  5. Looking for some inspiration for your next trip? Find great vacation ideas and inspiration from Things to do with the source for the web ‘s best reviews to travel.

    ReplyDelete
  6. Hmm, I wonder, how did you find these people who gave you comments? I think that ghost cities appear in China primarily because they are built in unfavorable conditions for construction, such as soil, dry air, etc. Indeed, it depends on these parameters how strong the buildings will be and what insects will be found there. For those readers who want to delve into the topic of the parameters by which builders choose where to build houses, I recommend looking for videos on this topic on YouTube. I found many similar videos there, and most of them were posted on channels with at least 43 thousand subscribers! I am sure their authors have resorted to the services of https://soclikes.com/buy-youtube-subscribers in order to buy subscribers.

    ReplyDelete
  7. I simply needed to appreciate you again. I’m not certain the things that I would have taken care of in the absence of the points contributed by you on my problem. It seemed to be the daunting problem for me, however , looking at a new specialized form you handled it took me to weep over fulfillment. I am grateful for this help and in addition trust you are aware of a powerful job you happen to be accomplishing training most people through the use of a site. More than likely you’ve never come across all of us.

    I intended to post you a bit of observation so as to thank you so much as before regarding the magnificent pointers you’ve provided here. It’s strangely open-handed with you to offer freely exactly what a few people would have distributed as an e book in order to make some dough for themselves, primarily considering the fact that you might well have tried it in case you decided. Those smart ideas in addition acted like a easy way to fully grasp that other people have the identical eagerness just like my personal own to grasp more in terms of this problem. I think there are lots of more pleasurable times ahead for individuals who looked over your website.

    would like to show my appreciation to the writer for rescuing me from this type of situation. After looking through the the net and seeing methods which were not pleasant, I figured my life was over. Living minus the answers to the problems you’ve sorted out by way of your entire short article is a crucial case, and those that might have adversely affected my entire career if I hadn’t come across your web site. Your actual capability and kindness in maneuvering all the pieces was vital. I don’t know what I would have done if I had not come upon such a stuff like this. I can at this time look ahead to my future. Thanks for your time very much for this high quality and results-oriented guide. I won’t hesitate to refer your site to anyone who requires counselling about this issue.

    My wife and i ended up being so fortunate that Jordan managed to deal with his inquiry out of the precious recommendations he was given out of the blog. It’s not at all simplistic just to find yourself giving away tactics which often a number of people have been trying to sell. And we realize we’ve got the writer to be grateful to because of that. All of the explanations you made, the easy website menu, the friendships your site help engender – it’s got most fabulous, and it’s really aiding our son in addition to the family understand the topic is enjoyable, and that’s really pressing. Thank you for the whole lot!

    ReplyDelete
  8. Hmm, I wonder, how did you find these people who gave you comments? I think that ghost cities appear in China primarily because they are built in unfavorable conditions for construction, such as soil, dry air, etc. Indeed, it depends on these parameters how strong the buildings will be and what insects will be found there. For those readers who want to delve into the topic of the parameters by which builders choose where to build houses, I recommend looking for videos on this topic on YouTube. By the way you can always use the help of https://viplikes.net/buy-youtube-subscribers to quickly increase the number of your channel subscribers.

    ReplyDelete