Under-occupied Developments In China
Under-occupied developments in China are mostly unoccupied property developments in China, and mostly referred to as "ghost cities" or "ghost towns". The phenomenon was observed and recorded as early as 2006 by writer Wade Shepard, and subsequently reported by news media over the decades. Terminology Media outlets often label under-occupied development areas in China as ''ghost cities'' or ''ghost towns''. However, the two terms are technically misnomers since the term "ghost town" describes places that previously had economic activity but have since become defunct and abandoned, while many under-occupied developments in China are new installations that have yet to receive residential occupation. Additionally, some reported cases of ''ghost cities'' are not in and of themselves administrative entities but instead districts built in the suburban region of functioning cities to provide accommodation for a growing urban population. Background The way in which property values a ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Property Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a t ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Golden Resources Mall
Golden Resources Shopping Mall, or Jin Yuan (abbreviated from Chinese: 金源时代购物中心) is a major shopping mall located near the northwest Fourth Ring Road in Haidian District, Beijing, People's Republic of China. At the time of opening it was the largest mall by gross leasable area. In 2005, it became the world's second-largest mall when South China Mall in Dongguan, China was completed. It can be accessed by the Beijing Subway using Changchunqiao Station on Line 10. In English, the mall has earned the nickname "Great Mall of China", owing to its total area of over six floors. At 1.5 times the size of the Mall of America, Golden Resources Mall was the world's largest shopping mall from 2004 to 2005. The mall was completed on 20 October 2004 after 20 months of construction and opened four days later. The developer of the mall initially estimated that the mall would have 50,000 shoppers a day, however upon opening the actual number was far smaller, as few as ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Lanzhou New Area
Lanzhou New Area () is a state-level new area ( special economic and political administration zone) established in 2012 and is under the direct control of the municipal government of Lanzhou, Gansu province. It is located in the valley around Lanzhou Zhongchuan Airport, 30 kilometres from the old city of Lanzhou. It is the first state-level new development area in northwestern China, and the fifth state-level new area in the country. Background The establishment of Lanzhou New Area (LNA) is the culmination of multiple strategies both from Chinese Central Government and Gansu Provincial Government. Since China launched its Western Development initiative in 2000, several 'Western' Provinces, such as Shanxi, Guangxi, etc. have seen a flurry of investments during the last decade due to the favorable policies those provinces received from China's Central Government. With huge amount of capital investment issued from State's Financial Department, those provinces developed rapidl ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Yingkou
Yingkou () is a coastal prefecture-level city of central southern Liaoning province, People's Republic of China, on the northeastern shore of Liaodong Bay. It is the third-smallest city in Liaoning with a total area of , and the ninth most populous with a population of 2,328,582 as of the 2020 census, of whom 1,228,198 lived in the built-up (or metro) area made of three urban districts (Zhanqian, Xishi and Laobian) and one county-level city (Dashiqiao). It borders the sub-provincial city of Dalian to the south, the prefectural cities of Anshan to the north and east and Panjin to the northwest, and also shares maritime boundaries with Jinzhou and Huludao across the Liaodong Bay to its west. Located on the east bank of the Daliao River mouth, Yingkou is an important port city, with the Port of Yingkou being the second-largest container port in the Bohai Sea (after the Port of Tianjin) and Northeast China (after the Port of Dalian), the tenth-largest nationwide, and the 25th-busi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Yujiapu Financial District
Yujiapu Financial District (; also Yujiabao) is a central business district currently under construction in the Binhai New Area of Tianjin. The area is envisioned as a potential center for world trade and finance. The district is being developed with a total investment of about 200 billion yuan, and is located on the Hai River North Shore, along with the Xiangluowan Business District and Tianjin Economic-Technological Development Area (TEDA). Also, the Yujiapu Financial District is an APEC low-carbon demonstration town. The district is modeled after New York City's Manhattan. Location Yujiapu is a peninsula located in the core area of the Tianjin Binhai New Area; it covers the entire block east, west and south facing the Hai River, an area totaling . The area is located from the Tianjin city center and from Beijing. The site is from the core district of the Tianjin Binhai New Area (TBNA), with the southern tip of the site only a 10-minute drive from the Tianjin Economic ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Nanhui New City
Nanhui New City () is a planned city located in the Pudong New Area of Shanghai, China. It was formerly called Lingang New City (临港新城) until it was renamed in April 2012. Construction began in 2003 and is scheduled to be completed in 2020, with the German architecture company Gerkan, Marg and Partners leading the project. The project is estimated to have cost $4.5 billion. The city is aimed to house 450,000 to 800,000 residents while attracting 10 million annual tourists. Location The site is located at the tip of the peninsula between the Yangtze and the Qiantang rivers on Hangzhou Bay. It is approximately 60 kilometers southeast of downtown Shanghai. A major portion of the site was reclaimed from the sea. The city was slated to become a "mini-Hong Kong". However, despite real estate developments being sold quickly, people have been reluctant to move in. To help vitalize the city, eight university campuses have been built on the west side of Nanhui New City, bringing ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Al Jazeera
Al Jazeera ( ar, الجزيرة, translit-std=DIN, translit=al-jazīrah, , "The Island") is a state-owned Arabic-language international radio and TV broadcaster of Qatar. It is based in Doha and operated by the media conglomerate Al Jazeera Media Network. The flagship of the network, its station identification, is ''Al Jazeera.'' The patent holding is a "private foundation for Public interest law, public benefit" under Qatari law. Under this organizational structure, the parent receives Financial endowment, funding from the Cabinet of Qatar, government of Qatar but maintains its editorial independence. In June 2017, the Saudi, Emirati, Bahraini, and Egyptian governments insisted on the Proscription, closure of the entire conglomerate as one of thirteen demands made to the Government of Qatar during the Qatar diplomatic crisis. The channel has been criticised by some organisations as well as nations such as Saudi Arabia for being "Qatari propaganda". Etymology In Arabic, ' l ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Kangbashi New Area
Kangbashi District () ''Hiya Bagsi dûgûrig'' is an urban district of the prefecture-level city of Ordos in Inner Mongolia, China. The district is internationally known for its opulent civic square and monuments and for having few residents relative to the grandeur of the built-up space. Geography Within the Ordos prefecture, the district is located southwest of Dongsheng, the prior urban center of Ordos, and north of Ejin Horo Banner. Together with Dongsheng District and Ejin Horo Banner, it forms the city's urban core and is also the political and cultural center of Ordos City. Adjacent to the south is Altan Xire, the highly urbanized county seat of Ejin Horo Banner, separated from the district by the Wulan Mulun River. History Kangbashi District's predecessor was Qingchunshan Development Zone, an autonomous region level development zone, approved to be established in December 2000. In 2003, the Inner Mongolia Autonomous Region agreed to transfer the administrative area ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Ordos City
Ordos ( Mongolian: ''Ordos''; ), also known as Ih Ju, is one of the twelve major subdivisions of Inner Mongolia, China. It lies within the Ordos Plateau of the Yellow River. Although mainly rural, Ordos is administered as a prefecture-level city. Its population was 2,153,638 as of the 2020 census and its built-up (or metro) area made up of Ejin Horo Banner and Kangbashi District was home to 366,779 inhabitants, as Dongsheng District (574,442 inhabitants) is not a conurbation yet. Ordos is known for its recently undertaken large scale government projects including most prominently the new Kangbashi District, an urban district planned as a massive civic mall with abundant monuments, cultural institutions and other showpiece architecture. It was the venue for the 2012 Miss World Final. When it was newly built, the streets of the new Kangbashi district did not have much activity, and the district was frequently described as a "ghost city" by several Western media outlets. Howev ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Kunming Rail Transit
Kunming Metro, or Kunming Rail Transit, is a rapid transit system in Kunming, the capital of Yunnan Province. With a population of just over 3 million people, Kunming was one of the largest cities in China without a metro system before its construction. The system currently consists of 6 lines. Background The streets of Kunming have long been congested, and as such there have been talks of a subway system since the late 1990s. A 2006 proposal would have seen construction start in 2008 with a north-south line and an east-west line. The current rapid transit system was first announced in 2009, with construction scheduled to start later that year. The proposed routes would not only serve commuters in Kunming city centre, but would help encourage development to the city's southeast. The suburb of Chenggong has been the site of a recent construction boom, although most new developments were still unoccupied without adequate transit connections. Thus, the Kunming Metro served the du ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Kunming
Kunming (; ), also known as Yunnan-Fu, is the capital and largest city of Yunnan province, China. It is the political, economic, communications and cultural centre of the province as well as the seat of the provincial government. The headquarters of many of Yunnan's large businesses are in Kunming. It was important during World War II as a Chinese military center, American air base, and transport terminus for the Burma Road. In the middle of the Yunnan–Guizhou Plateau, Kunming is at an altitude of above sea level and a latitude just north of the Tropic of Cancer. As of 2020 census, Kunming had a total population of 8,460,088 inhabitants, of whom 5,604,310 lived in its built-up (or metro) area made of all urban districts but Jinning, not conurbated yet. It is at the northern edge of Dian Lake, surrounded by temples and lake-and-limestone hill landscapes. Kunming consists of an old, previously walled city, a modern commercial district, residential zones and university areas. ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |