Workers remained employed indefinitely, and suppliers keep supplying.
How can there be in a bubble when the bubble is (quite literally) continuously being blown up?!
CHINA: PROUDLY DEMOLISHING BUILDINGS BEFORE COMPLETED IN PURSUIT OF THE GREAT HOUSING BUBBLE PERPETUAL ENGINE
1. Vienna Wood Community in Hefei City died before born on Dec. 10th, 2005. The community covered about 20,000 m2 construction area with the main structure raised to 58.5 m high. The tens of millions yuan worth building was blasted as a whole when its 16th floor was still under progress. According to local government, the community punctuated the central divide of Hefei City, blocking the scenery between Huangshan Road and Dashushan Mountain. They couldnâ€™t straighten Huangshan Road unless the community was out of the way.
…and LOTS of pictures….
- advertisements -