- Economics July 1
"If you build it, they will come" is a favorite adage of the ambitious everywhere. But it hasn't quite turned out to be true in China, where multiple ghost cities — extravagant GDP-boosting construction projects unwanted by the market, but built anyway by the government — lie empty and dormant.
Some of these projects are truly epic in their scale and vision. As Bloomberg reports, the northern Chinese port city of Tianjin is currently in the process of building a replica of Manhattan.
The development — built in Yujiapu, a former fishing village — has failed to attract tenants since the first building was finished in 2010, leaving one commercial real estate investor telling Bloomberg that "investing here won't be better than throwing money into the water."- - John Aziz
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Syrian women know how to defeat ISIS
- The U.S. Marines are developing laser weapons. Here's why.
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Will Kobani be ISIS's Waterloo?
- How 1,000-year lifespans could remake the economy
- 5 baffling foreign-language versions of the Fresh Prince of Bel-Air theme song
- Bob Odenkirk's 6 favorite books
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
Subscribe to the Week