If
you visit Tianducheng, a day trip from Shanghai, in China's Zhejiang
province, you will be confronted by a 354 foot replica of the Eiffel
tower.
Development on this Paris replica in China began in 2007, but local media say it is a ghost town now.
Everyone points to China's ghost towns as proof of a malaise in China's property sector.
But some, like Stephen Roach, former chairman of Morgan Stanley Asia have argued that these cities will become "thriving metropolitan areas" as China continues to urbanize.
Everyone points to China's ghost towns as proof of a malaise in China's property sector.
But some, like Stephen Roach, former chairman of Morgan Stanley Asia have argued that these cities will become "thriving metropolitan areas" as China continues to urbanize.
What's
truly quirky about these ghost towns though is that some of them have
been designed as replicas of Italian, German, English and French towns.
We drew on photos from Reuters photographer Aly Song to give you a peek at Tianducheng.
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