China launches test runs for world’s largest plant that can convert coal to ethanol::undefined
What a waste of time,money, and resources
China has ghost cities with empty apartment buildings. They have tons of resources to waste.
Tell me you’re living half a decade in the past without telling me. “Ghost cities” are actually areas where the state preplanned urbanization so everything would be in place when people started moving in. In fact, most of these “ghost cities” are actually populated now.
https://en.m.wikipedia.org/wiki/Under-occupied_developments_in_China
Edit: could someone please explain why I’m being downvoted? I’ve provided a source to back up my statements. Or is this a case of “everything about China is bad because Red Scare”?
There’s another side to this. “Pre-planning” without proper forecast led to the housing crisis we are seeing today in China, with one of the largest developers in China Evergrande defaulting and filing for bankruptcy. A lot of people who were promised a good property and sunk their life savings into the project, now have no choice but to live in unfinished buildings in ghost towns without electricity nor water.
https://www.aljazeera.com/economy/2023/10/31/crumbling-buildings-and-broken-dreams-chinas-unfinished-homes
https://www.reuters.com/markets/asia/china-home-buyers-occupy-their-rotting-unfinished-properties-2022-09-26/.
“Nothing is perfect” Is a hell of a way to minimize the enormity of the issue. Like wow…
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Imagine being literally scammed into pouring your life savings into a property that is unfinished without electricity nor water, and then thinking “at least I have something so I shouldn’t complain”? Those people actually had something before, now they’re left with less than nothing.
They’re not building apartments to give out to homeless people for free here. People actually had to pay for those properties and were scammed.
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Am I talking to a brick wall or what?
China is able to pivot quickly on projects of enormous scale in part due to its political structure. I doubt many western countries would pivot so quickly and drastically for national interests in whatever you call this version of capitalism.
China can CLAIM to pivot quickly on projects, but it is always for show, and most of the funding ends up in pockets of corrupt officials.
The projects end up abandoned and swept under the rug, or end up in failure but reported as successful only to mysteriously never be heard about again.
Source?
It’s funny how this image built of China to discredit anything they do leads a whole bunch of people online to just completely make stuff up on the spot against any positive news. When it comes to the point that a whole bunch of people are just making stuff up on the spot, we know how efficient the propaganda has been.
It’s not efficiency that makes people prefer democracy.
