Jphannesburg - In The End of China Inc?, Al Jazeera’s award-winning weekly current affairs programme, 101 East, travels to Shenfu, one of China’s “ghost towns”.
During China’s boom years, hundreds of new cities were built to push development. Now, with national debt mounting, there’s no demand for them and they stand empty.
“Presenter and senior reporter Steve Chao says officials spent hundreds of millions of dollars building the new city, but construction ground to a halt last year. Shenfu now stands as a silent testament to the country’s faltering economy,” says the channel.
This fascinating programme looks at what happens when an economy builds more than it needs.
Available on YouTube and Al Jazeera (DStv 406).
Watch it here:
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