SHANGHAI/GUANGZHOU/TOKYO -- A popping sound, not unlike the finale of a fireworks show, echoed through the area, and a cloud of dust billowed up into the air. In late August 2021, 14 unfinished apartment buildings were demolished in Kunming, Yunnan Province.
”Ghost towns” abandoned in the process of construction are spread across China, with more than 80 in Yunnan Province alone. (Photo by Yusuke Hinata)
The age of 'Great China'
Concrete 'ghost towns' make China's real estate bubble visible
Land prices over twice those in U.S.; many trapped in unfinished homes
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