Ghost town

I’m not big on financial news, but this story is doing the rounds at the moment and it caught my eye. The Chinese government have built a brand new city in Mongolia called Ordos in just five years. This city has skyscrpaers, housing, concert halls everything a western city would have except one thing…people. The city has no residents. Why? Because it is just too expensive for the average man on the street. This purpose built city is less than 20 miles from the original Ordos city, which the government felt was too rundown, so they built a new one. The result is they built a shiny new city which is too expensive for anyone to afford and so the whole population still live in the rundown city next door. Madness here.

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