China - Economy - New City Being Built in the Desert

Workers use wires and steel rebars to build the skeleton of a building on the site of a new apartment development on the outskirts of Yulin, Shaanxi Province, China on 14 August, 2011. Like many coal rich regions in China's arid northwest, a vast amount of mineral wealth has been re-invested into the local economy in the form of speculative real estate ventures, creating hundreds of new cities that claims few real residents.

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Filename: QS110814Yulin054.jpg
Copyright: Qilai Shen
Image Size: 4096x2730 / 2.0MB; Qilai Shen Asia China Peoples Republic of PRC Shaaxi Province Yulin New Ghost City Town Urban Rural Land Investment Real Estate Fixed Asset Housing Desert Speculation Bubble Economy GDP Infrastructure Water Road Transportation Labor Labour contruction block flats apartments apartment building
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Workers use wires and steel rebars to build the skeleton of a building on the site of a new apartment development on the outskirts of Yulin, Shaanxi Province, China on 14 August, 2011. Like many coal rich regions in China's arid northwest, a vast amount of mineral wealth has been re-invested into the local economy in the form of speculative real estate ventures, creating hundreds of new cities that claims few real residents.