Research and Application News
New satellite images show inside China’s ghost cities
03 March 2017
China still has a startling number of vacant real-estate developments, judging from new satellite analysis by DigitalGlobe and Business Insider.
Chinese ghost cities have made headlines for nearly a decade, with huge new real-estate developments sitting mostly empty for years. Some see them as a sign China is heading for a real-estate crash. Others see them as just the typical style of urban expansion for a giant state-run economy.
Source: Business Insider UK
Image credit: DigitalGlobe - Chenggong