Friday, September 09, 2011

Ordos: China's empty city in the middle of nowhere

Almost totally empty, the new city of Ordos in the desert of Inner Mongolia, is still under construction.  Wealthy Chinese buyers are snapping up its luxury houses and condominiums, furniture and all, despite the fact that no one is likely to move there for the foreseeable future.  Why?  Investors  see real estate as a long term, secure acquisition, much like gold.  To maintain the image that genuine social life may eventually take root there, town authorities hold two concerts each year in the city's enormous auditorium. 

1 comment:

  1. There are more business in politics that made sometimes nations uncertain future. I like this article which relate certain ambition of reach people a place in the sun.