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China Blows Up High-Rises, US tension over Taiwan | GoodFellows
A group of high-rise buildings have been sitting unfinished in a Chinese city for seven years. And it took 45 seconds to tear them down.
These partially-built buildings were a side effect of China’s aggressive urban development model that created what critics called “ghost cities” in parts of the country. Local governments had sold land and embarked on massive infrastructure projects to boost economic growth, while developers often took on heavy debt to bet on ever-rising housing prices.
Stunning footage from the demolition last month showed 14 buildings in the southwestern city of Kunming collapse in controlled demolition. The blast failed to destroy a 15th high-rise, which was torn down three days later, local media reported.
Hoover senior fellows Niall Ferguson, H.R. McMaster and John Cochrane discuss the geopolitical consequences of a China in decline – if it accelerates a move against Taiwan; should America be engaging in détente or a military buildup?
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#niallferguson #Ukrainewar #evergrande #china
China Blows Up High-Rises, US tension over Taiwan | GoodFellows
Source
https://www.youtube.com/watch?v=DdEUviYBbRg&t=1597s
...
https://www.youtube.com/watch?v=iVXnVpjDwMg
These partially-built buildings were a side effect of China’s aggressive urban development model that created what critics called “ghost cities” in parts of the country. Local governments had sold land and embarked on massive infrastructure projects to boost economic growth, while developers often took on heavy debt to bet on ever-rising housing prices.
Stunning footage from the demolition last month showed 14 buildings in the southwestern city of Kunming collapse in controlled demolition. The blast failed to destroy a 15th high-rise, which was torn down three days later, local media reported.
Hoover senior fellows Niall Ferguson, H.R. McMaster and John Cochrane discuss the geopolitical consequences of a China in decline – if it accelerates a move against Taiwan; should America be engaging in détente or a military buildup?
✔ https://geonow.substack.com/
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? https://beacons.ai/GEONOW
#niallferguson #Ukrainewar #evergrande #china
China Blows Up High-Rises, US tension over Taiwan | GoodFellows
Source
https://www.youtube.com/watch?v=DdEUviYBbRg&t=1597s
...
https://www.youtube.com/watch?v=iVXnVpjDwMg
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