China's Ghost Cities and Malls
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- Опубликовано: 3 окт 2024
- Documentary by SBS Dateline (Australian TV) about the Chinese real estate market.
Original link to SBS Dateline video: www.sbs.com.au/...
For my views and possible ETF investments to play China's real estate bubble collapse: etf-investment-...
The first thing I thought when I saw those empty cities and malls, "they should rent out those spaces for zombie movies!"
It'd be perfect for any films! Open space for car chases, deserted for eery settings... Oh man, it'd be so cool.
My first thoughts were to have the the mall/empty cities for massive paintball or airsoft war games.
lol , really afraid at night
It's a false impression due to China's scale. Urbanisation rates are huge, and these cities always get populated later. For example, the biggest example of " China's ghost cities" is Kangbashir which is designed for million people. Some people at the West said it is a sign of China's fake GDP or property bubble or whatever. 2 years later it's occupied with 150 000 people, and the city's population is growing rapidly these days. Besides rapid urbanisation in China, it's also huge population growth, every year +8 million people.
+Evrastrim The urbanization sounds like a reasonable expectation. Except, in this program they noted that there are an estimated 64 million unoccupied residential units with a typical cost of ~$100,000. Yet the average salary in China is $6,000. Those who move from rural to urban centers are unlikely to have the skill set to command even the average salary.
Filmmakers pay attention, this is where you shoot your next zombie apocalypse.
For shame.
*****
Do I look like fucking Shia LaBeouf to you? I'd like to know where you think I stole this comment from.
*****
Well I'm sure a lot of people would see this video and think zombie apocalypse, there's probably a dozen comments below with this same idea.
Anne Frank dont worry,there are full of people in those cities. You westeners just worried about china too much. Just worry about yourlslves first.
some chinese Filmmakers could make one of these as a setting for a movie.. (if it caught attention) it might pull some clients...
While many Hong-Kongers are poor and forced to live in cubicle or cage homes, you have these waste of space empty cities with high rental prices...what the fuck is wrong with that picture?
64 million empty apartments and they ask 100k a piece for them? the fuck...
They are sold though. Just nobody to rent to.
This has got to be one of the most bizarre and self destructive phenomena in human behaviour. Nuclear armament made more sense than this.
Not the most. China already have had another self destructive phenomenon a few decades ago called Cultural Revolution. But this time, they've found a better way to repeat the same mistakes.
this is just some kind of scheme 100%. Somebody earning profits and then they will nationalize losses
The ghost towns got filled up 7-10 years later
dude, id actually kinda like ot have a get away in one of those cities... an entire building to your self, an entire cities streets to race through... would be kinda fun and unique
A world without people?! Sign me up!
Who'd be there to like your stupid comments?
without people.. but expensive.. all yours..
Hey thats so creepy, isn't it? I don't know it would be less creepy if it was old and deserted but now thats its shiny and deserted its even more twisted! Looks the perfect place to roll a zombie apocalypse movie! :D
Greatest zombie survival rp map
***** 09 here
Stop wasting Resources!
LOL
It's a false impression due to China's scale. Urbanisation rates are huge, and these cities always get populated later. For example, the biggest example of " China's ghost cities" is Kangbashir which is designed for million people. Some people at the West said it is a sign of China's fake GDP or property bubble or whatever. 2 years later it's occupied with 150 000 people, and the city's population is growing rapidly these days. Besides rapid urbanisation in China, it's also about huge population growth, every year +8 million people which is only 0.58% though relatively to China's 1,38 billion people population.
its 5 years later, i wonder what the toy shop owner is doing
Here to reply back to you about 9 year later, he didn’t make it. Saw it in another video, his shop close down shortly after this one
Wow, the Chinese government is really ridiculous
+Apemanwithcalculator There's obiously no perfect government out there and since they're basically just collections of human beings they will never be perfect. But there is a massive difference between the Western democracies and the communist aristocracy they have in China. We are exponentially more better off in the West. China's communist rulers do everything they can to keep their subjects impoverished. Not only that but you have all the propaganda in China. The censorship of all forms of media, including the internet and this very website among countless others. The media that is all 100% own/ran by the communist rulers with literally not one single non-government news source. The fact that they artificially inflate their currency to keep the poeple poor. They don't allow property ownership for citizens, it's a 99 year lease or untiil you die, whichever is first, and these houses and condos can't even be passed along to children. They've swindled hundreds of millions of Chinese families into investing literally everything their families have ever had into these ghost cities when just burning the money to use it as a heat source would have been a better investment. If you are old and/or sick either your family/children take care of you or you are left on the streets to die. You have government employees monitoring what people are saying on the internet and tracking down individual dissidents who speak against the governments/rulers, they also have ten of thousands employed by the government to go around to news/social-media/commentary websites and try to steer conversations to always be pro-government, bad mouth anyone who disagrees and also propagandize the people with commentary on other nations/issues. Regular Chinese citizens have to use code words and slang on the internet to express anger at the government, lest they be tracked down and punished. You can't even access pages that talk about things like the 1989 tiananmen square protest and massacres, or even find a single picture of the "tank man" on the internet in China.
Western government obviously are not perfect, like I already said, and China's government isn't even close to being the worst one out there, but they are vastly more helpful and beneficial to their citizens.
可笑的是你们的媒体，而不是我们的政府。
So sad to visit your daughter once a year. Very brave of him to speak out.
Spent a year in Zheng Zhou in 2012 teaching English. Spent an entire afternoon in the new district taking photos, walking around the man-made lake/museum/gallery etc. Encountered 3 maybe 4 souls, besides the lake which had approximately 50-60 people for wedding photos/parents taking their child out. It really is like having an entire city to yourself. Took about 200 odd photos but have not looked at them again because there's nothing stimulating at all. Zheng Zhou, truly a concrete jungle.
This is just depressing...
12:45 what a view ! and they cant afford it :( that's really sad, I feel blessed to live in mexico a 3rd country but if you know how to work you can have what you want.
6 years later
correction love, 7! lol
and still nothing. Im pretty sure chanos thought there would be a major problem by now. Perhaps china is simply making so much stuff that its able to offset the real estate. or perhaps the problem is still to come.
I saw some other video where hundreds of thousands of Chinese people are crowded into tiny living quarters. We also have the same situation happening here in North America of luxury housing (that most people can't afford) replacing affordable apartments
The way here in New Jersey is to have abandoned, falling down old malls left standing while new ones are built on new land. As opposed to tearing down the falling down buildings, building new ones, and leaving the land as farms or forests. Insane.
64 million empty properties and there's homelessness. it makes me so sad.
64 million moved west.
White woman burden.
Get ready for a massive bubble from China. I'm wondering if manufacturing will return to the US because of their failing GDP. I think this could push the US back into expansion and profitability.
lol keep dreaming.
That's not why, the Chinese are starting to make better wages and American companies might eventually find it fruitless to still manufacture and there
4 years later after this video China didn't collapse yet. But ghost cities were filled. What a joke. Lol.
+yang guangsha You haven't checked the stock market in the last 24 days have you?
it is 2017 now zhengzhou‘s price of house doubled in 3years.
The condos in Florida were sitting empty for a long time during the real estate crash in the USA, then they started telling Brazilians to move here for Vacation homes and now most of those condos are sold and the prices have skyrocketed again.
YOU ARE MISTAKEN. THOSE CITIES >ARE< OCCUPIED. THEY ONLY BECOME GHOST TOWNS BECAUSE OUTSIDERS, NEWS CREWS AND FOREIGNERS COME POKING AROUND. IT'S CALLED OPSEC. MAYBE YOU'VE HEARD OF IT? THOSE CITIES ARE FOR CCP ELITES AND PARTY FAMILIES. IF YOU WERE THEM, WOULD YOU WANT THE WHOLE WORLD, ESP. THEIR VICTIMS, TO FIND OUT WHERE THEY'RE LIVING NOW?! ARE YOU CRAZY?! YOU EAT TOO MUCH! YOU GO! YOU GO NOW!
UNDERGROUND PARKING/BOMB SHELTERS. BIG GARAGES. REALLY BIG.
THERE SHOULD BE A THICK LAYER OF DUST EVERYWHERE. IF THERE ISN'T, WHO'S CLEANING EVERYTHING?
6 years later, you could try to make a new video there and show your audience as well as yourself how it is now.
Stay strong Chinese future homeowners. I'm trying to save for one as well in my country. I hope we can all get there.
How'd that work out for ya figured it's been 6 years! Checking in!!
@@TheLeGeNdPvE Got one, sold it cause the market went crazy. Worked out nicely!
@@TheGreatMoonFrog sweet not a bad deal. How's the market over there now?
@@TheLeGeNdPvE Market definitely cooled from where it was. I'm waiting for an all out crash to pick up another one.
@@TheGreatMoonFrog yea I am as well over here. Hopefully soon! Good to hear from you hope all goes well!
rich country poor people
Also, imagine skateboarding through that mall... :D
In Shenzhen minimum salary is 1,600 CNY per month (about $260 a month). Hourly rate is above $2.
This is what happens when the central government allows monetary policy to be come too loose. As the Communist Party has commanded an increase in loans, and has not allowed interest rates to appreciate to reflect the increase in the demand for loans, prices of goods have soared. What's more, this loose credit policy has caused the capital structure of the Chinese economy to fall out of alignment with consumer demand. Were it not for the government's policies, the materials used to build these condos may very well have been employed to construct affordable housing for the masses; a project that likely would have been far more profitable. What China needs now is less government intervention, not more.
Your heart is burdenly heavy with jealousy, I can feel
Simon Y
Just smile and march on.
It's 2016.zhengzhou is not a ghost city.
Yes, and I assume it's closed down now, or do you have a link, google maps, where we can see this city in it's full glory now in 2016?
Yes, I stand corrected, thank you.
Of course you are right regarding a developing country and of course also we in the west know ghost "cities". The real difference is the scale.
it only said the cbd of zhengzhou is a ghost city, not the whole city ofc
Shichang Ding says:
"I lived in west zhengzhou city two months ago, actually the eastern districts are so prosperous that I can hardly buy a house there...."
www.google.de/maps/@34.7639218,113.72684,373m/data=!3m1!1e3?hl=zh-CN
==
China's ghost cities 2017
www.businessinsider.com/china-ghost-cities-satellite-images-2017-3/#a-closer-look-at-some-of-chenggongs-mostly-vacant-skyscrapers-note-the-paved-road-that-transitions-to-dirt-as-it-moves-to-the-left-3
www.forbes.com/sites/wadeshepard/2017/01/04/a-look-at-chinas-ghost-cities/#2b59d4f964b0
Yes I agree. Where my girlfriend goes to uni in Zhengzhou there are very few people other than the students in the area mostly because it is all newly built but when we travel into the city centre it is densely populated.
Sweden had a lake turn red this week and people were still swimming in it. Its the same stuff we see on our shores and we tell people don't eat the shellfish because of the red tide.
one is a short view of business bible. long term view is an asset. is an opportunities because building assets are not likely to depreciate over long term. China did the right things
What a waste of arable land, resources, etc...
actually only 6% of chinas land is arable. China is dependent on construction to keep stimulating it's economy. The government is trying to figure out how to balance it's economy right now. I took a few classes in china and some of my professors said while the ghost towns are there, prices are artificially high after the buildings are finished and eventually drop but the idea behind it is as the bullet trains expand across china, people will be able to not only work in these cities but also use the trains to get into major cities like beijing, shanghai, chengdu, etc. and commute to work. When I was in Japan I saw that. A lot of people who live over 100 miles away from Tokyo would commute every day but it would only be an hour's ride to get into the city.
basically they are preparing for expansion and new industries instead of having to wait for it to be built.
So if only 6% of the land is arable... and they're converting arable land into large empty cities...
They are already paying the environmental price, and it is getting worse.
You can't skin the bear until you've gone hunting
wtf, i dont get it, i thought that china was the most over-populated country in the world, so thus hows there hardly anyone there?
The Freeman Initiative China is the most over-populated country in the world, but most chinese people simply don't have the money to buy the apartments in those buildings.
+hexagon523 yeah, that's why even the roads are empty. Try other explanation
***** u mad?
***** umm... well ok then
(The MALL is in the Dongguan City , The landscaping ratio and landscaping area are high and big. So if we want to go to a big mall, take a taxi at least needs 10+ min.)
The mall is far away from the Residential Area , so usually no people will go there.
NOW the city needs to build railway, and one of the railway is surround the building.
All the stores were closed. I think there will become some office building...[My English is not good. sor.]
Malls and shopping centers all over the world are dying out. In the USA, most malls are abandoned. The places are empty. No people, no cars, nothing. You can do some research. It's very sad.
It would've taken the narrator five minutes to find out how to pronounce the names of the places and people correctly..
money is a shit of Satan :/
did u know that 82 people owns worlds half wealth....
+namozza ... it's actually down to *62* people now
www.oxfam.org/en/pressroom/pressreleases/2016-01-18/62-people-own-same-half-world-reveals-oxfam-davos-report
You do realize that the bottom half of the worlds population own almost zero wealth. In the poorest parts of the world a lot of that population are not of earning age so to count the wealth of children in 3rd world countries skews the picture somewhat . It takes a huge amount of these people to get just $1000-00 worth of wealth. That the richest 62 through their holdings employ hundreds of millions and supply all with the cheapest and most efficient means of survival. Enabling may with lifestyles not even nobility in past centuries could afford.That most participating in this discussion are in the top 2% and there is almost no chance anyone on here is not in the top 5%. I'm not saying it is good or defending any position just pointing out that you need to get perspective and unpack the facts. To be in the top 1% is not that exclusive. The top 62 richest are in the top 0,0000008% .
If the Chinese government saw this, I bet that worker who said he didn't like what they are doing went to prison for "re-education" ☹
zhengzhou is the place i grew up, and my new home is just located in new district.
there were not many people 2 years ago but now it has changed and will full up people once the subway is build
2017 - how many people live there now ?
Iezhal V
Too many.
What is this, the Matrix Online?
I’ll wait for the five people who are going to appreciate this comment.
it's not the chinese govt.. it's the estate developers' greed...
@@neilsumanda1538 And mist of these companies are run by the State
Trump seig
2:35 They don't buy the toys because they're all made in China
It is shingling toys.
Wow, I never knew Ghost cities this big existed! I wanna go on vacation there, and see how it feels like.
That was a really good documentary. Well done SBS!!!!!
it's ghost mall and city?. if you want to comment it please check it now in google earth. 'ghost mall' location: 23.038790,113.720555. 'ghost city' location:34.778691,113.723197. you will find west report how is funny. confuse said security is plice?
You didn't read the whole article, did you? Its possible everything will get filled in 20years lol. It is still a ghost town.
This is hilarious, because that city is pretty sprawling now, and growing. This was built for the growing wealthy and middle-classes, so of course the apartments are those prices. China is planning to relocate millions of peasants that still live in rural areas, while those who can afford the new districts are already moving there. There's video of it, even! Also this was three years ago, and it still isn't completely finished yet.
*****
Sorry if I didn't clarify. I understand that it's the super wealthy moving into the new cities. What I meant is that their peasant classes are moving into the old cities with the factory work... I suppose I could have chosen better words.
Carol Belle Wonderful, let's relocate country man to old cities. What a wonderful policy for total meltdown.
Still extremely beautiful to see how empty it is
Wouldn't that be sick to like skate in there or something
noobie1890 It would be awesome to play paintball war there.
There is certainly a bubble building in the Chinese real estate market. But what the show highlight is overstated (purposely or not). The show is comparing a dessert city with low occupancy, on the next minute an interview of a poor individual who can't afford an find house in the CAPITAL CITY? Put it in American terms would be like, there is an individual who couldn't afford housing in New York, meanwhile, blocks in Detroit are left empty...
Wong8Egg
Are you a westerner? If so, I would like to congratulate you for seeing the make up of a fake news.
Incredible, Id love to visit these places. This is sadly what happens when you have a command economy. The State simply sends out the order the build and they build for no reason.
actually to find a ghost build in any cities in china is really hard job .the building show in video now is a very hot place . why china does not have such place like in video talked ? firstly you have to know what is socialism.socialism in china actually is hybrid system from capitalism and Communism . sometime the location of real estate property cannot get much interesting from people .then goverment may use communism way to help that place . such like force to move famous school and hospital even university or open a sub- division to that place (because in china best schools hospitals universities all owned by status ) . most time that place will be quick hot after those action . but may some place really not luck suck near crematorium grave or waste incineration plant. then government will not sale those land . those land will use to build social security house .those house will sale in a very cheap price or offer as a very low rent rate (almost free ) .no more 10 years . those place will soon from farmland to be a mature living community.
zhen hao Zhou
China should adopt Singapore style HDB housing. 100% of citizens should become home owners.
Check out "Zeitgeist: Moving Forward" on RUclips.
Highly recommended to anyone who found this video interesting.
Only in a few minutes I am already astonished by the ignorance shown in this video. After the whole video, I got even more confidence for China, for its competitors have only got this sort of 'intelligence'.
Maybe some one should teach the anchor or whoever wrote this report, how people define City? It is defined by population, economic level, political importance and so on. It's not like China just trying to building up empty apartments and malls and so it can have 10 more cities each year, even it did so it wouldn't work. China is having 10 more cities each year because so many old towns are upgrading to cities, and all these so called 'Ghost Cities' are just parts of new districts of these cities.
There is a phrase probably never heard of in western society called 预先建设, means pre-construction. In some area, when local government consider about changing small countries into cities, they'll assign certain lands for real estate developers to construct uptown and malls. When everything is ready, all those people can just move in, with the money they got by sell out their old houses, where the local government will consider to build up EDZs to provide jobs.
Instead of kick everyone out and make them living in vans or parks for years until they can pay their debts and afford the down-payment, I prefer this way, even though it'll provide some 'empty cities' for these reporters to bullshitting.
If you guys are actually looking for a ghost city, try Ordos City EDZ, at least it is a real one.
China is developing at a speed that no one in history can ever compare, and instead of looking for all the bullshits to prove it's faking, how about analyze it and find a way to improve yourself?
Probably it's alright for people just bullshitting this way, so you can let your guard down once and for all, while China is getting stronger and stronger.
Leon Lin
sounds like you work for the Chinese propaganda machine. i like keep preaching my fellow 1984 brother.
The buildings will crumble before anyone moves in. Construction quality is crap in China and no one is willing to help maintain anything.
If I ever win the powerball lottery I'm going to buy one of those buildings and turn it into the largest indoor skate park on this planet.
Great place for refugees to make their home in these open places.
I visited my relative in the village in China a few months ago, they are farmers for generations, these days, virtually all the young people move to the cities to find job there and plan to save some money to buy house in the city, only older people still living in the village. One problem that most young farmer face is it is hard to get the mortgage from the bank, but give some times, they will work out all the new financial regulation and solve the problems, ghost cities will be filled up.
there are many malls throughout the country called Wan Da which is PACKED with people and brands that we see and use like Zara, H&M, and the expensive brands like LV, Gucci, etc.
Jajaj, 1:11 "is deserted" and kids playing. Peace, people, I Love you all
Exactly, and the reason the US had a housing bubble was because the govt told the banks to issue loans to people they knew would never be able to pay them off. It was certainly not a "free market" thing, no matter how badly you wish it were. Central planning is disastrous in all its forms, be it corporatism (USA's particular brand of fascism), communism, socialism, etc.
At 0:44 seconds, here are the coordinates to Zheng Zhou (+34° 46' 15.35", +113° 43' 21.18")
7:00 It was same in Soviet Russia... Screw factory would get order to manufacture 10 tones of screws, so in order to meet the quota they would make only the biggest screws. Ridiculous :D
They said the same thing about 20 cities near Shanghai years ago, look at them now, filled up and needing more space.
Well i travelled through China for 6 weeks and from what i've seen with my own eys i can state that China has got some VERY serious issues with the unequal distribution of wealth, no doubt about it!
It's impressive how often they are wrong - it's more often than you'd expect it to be by pure random chance...
Good idea, but there's one big problem: The apartments cost way too much, and their prices are rising.
One thing these cities cannot supply is Fresh Air. And that is why people are investing overseas.
Working in a failing retail store is always a little boring and sad. I bring a book.
You make absolute sense my friend, the only problem is Bureaucracyand red tape and a lack of logicical forward thinking on the part of polititians. What you have suggested is being attempted on a much smaller scale in some ghost estates where i live. unfortunately on a small scale the majority of the houses are being left to rot while there is a housing shortage and long waiting lists for housing, homelesness etc..
This is utterly fascinating. It's like some kind of apocalypse movie.
What is stopping house prices from falling to affordable levels? If we had millions of empty apartments for sale house prices would fall through the floor.
现在 在来郑州 CBD 看看 2011到-2016 也就刚刚5年 上下班高峰期 堵车很严重的。
Heartbreaking. Humans live best in a communal village environment. Go back a few hundred years in China and you have beautiful village life.
13:47 Imagine how vulnerable it would feel living alone in that appartment with the "for-sale sign" in the window. #ZombieApocalypse
Chinese builders seem to be overbuilding in some areas just as the US has in the past. China is NOT a communist country. It is a capitalist/socialist country with the Communist party in charge. It is a really beautiful country with really friendly people everywhere you go in China! The Chinese people are very polite!
There are still a lot of rural people ,coming to the cities to work or study. They can use the facilities.
I'm from china.If i tell u it's not a ghost city.You believe?If Australian TV come again,it will be shocked.
The issue isn't a lack of a market for this housing, it's that they're still priced outside the income of most Chinese families. If the market reaches a point where the bubble may burst, a slight price reduction would fill these units up overnight.
It is absurd. There are a lot of Chinese workers that has nowhere to settle and chased around by the policemen, when expensive, but empty apartments are everywhere.
It looks like California, Dubai and other countries that have been through the housing bubbles.
I feel so sorry for those people living in the slums next to these huge empty buildings and working so hard to afford such bad living conditions. China needs to refocus its efforts on tech education and specialized training to get it's citizens working and producing higher income. They also need to turn these places into government subsidized homes that people can actually afford to live in, instead of leaving them vacant. What a great tragedy for these poor families to endure such hardship.
That mall must have been architected by the same person that made Horton Plaza in San Diego's Gaslamp.
Giving such a thing to the poor would require central planning, which is exactly the same force that brought about the central decision to build such a thing, ignoring market signals and the pricing mechanism. Consider instead that the lack of purchases will result in correction in price of these properties, and that will cause the prices of such to drop.
I suddenly felt really bad when George said "We need the government to intervene" with a glimmer of hope on his face.
Imposing of higher taxes will lead to a cheaper property, available for many. It is a good thing that they are building.
There is definitely demand. The problem is the price. When the price falls, people will come.
Check out 60 minutes report on this(cbs news). It already has, they say the developers (not all, but many) are in major debt and the market has actually fallin since 2011. Leading to huge tracts of half finished buildings and layoffs. The say there is approx. 50-60 million construction workers in China. And this industry is 20% of GDP
I was just thinking that it would be perfect for a movie of some sort lol
Here's a fact that would support my previous argument:
"Beijing says an astonishing 600,000 party officials have been exposed for corruption-related activities since 2007. Of those, only 200,000 were referred to Chinese courts for prosecution."
Rampant corruption in your one-sided society is another hindrance to prosperity. Emigration in China is also a factor and has been increasingly rampant in the last decade. Chinese immigrants are among the highest in the world. Enough said.
no, first off, these properties are owned by INDIVIDUALS, money that can otherwise be invested somewhere. When the property price drops, INDIVIDUALS must bear the lost. And the current property price means 2-3 generations of saving required to payoff the full mortgage. It is about the opportunity cost of not investing somewhere else. Locking up a huge fund in fixed assert like this is a WASTE of money (remember you need to pay interest for the mortgage)
The Chinese government planned to move a large portion of the farmer population into the cities within the next 10-20 years, since with more industrialized farming equipments/techniques now less farm hands are needed.
You mean once all the farmland is destroyed, polluted and turned into a mega city for big factories and industry, and everyone runs out of food to eat.
Maybe so but wouldn't it make more sense to hold the construction and building projects till when they're needed so that there will be more construction jobs later on? It's okay to build some buildings now but save the rest for later so there would be more jobs in construction later on.
It is a fact,but this media's viewpoint is very interesting: comparing downtown in Beijing with suburbs in Zhengzhou or Dongguan is just like comparing Manhattan in New York with black districts in Detroit.
You are absolutely correct. Although many of these buildings are paid for by private investments, the investors are being manipulated by the government which does not allow the Chinese to invest overseas and encourages and subsidizes these investments in real estate...not unlike what happened here the last 14 years.
Now China has 96000 Km highway ( US has 95000), but China keep adding 10000 Km annually, they build highway and bullet train system as step one, then, Mega cities connected by the highway and bullet train system, then, moving farmers from the village to the mega cities. If you look the human history, it is a history of people moving from the country side to cities. Living together is energy efficient and the only way to enhance the quality of life for "zillions" of people (farmers) in China.
You are few of smart guys here, in fact, China is planning to build another 25 Los Angles cities across China, there are “zillions” of farmers in China living in the villages, the only way to improve their life is to let them move to the big cities, so that the farm work can be done by using big machines. All the new financial plan will be put into place to encourage and help people moving from the villages to the cities. This video did not give the whole picture (kind of misleading).