One of the most shocking sights in China has been the rate at which they are constructing new buildings. Today driving around Tianjin I saw several new apartment developments being built in which they were building 12 or more complexes at the same time. You definitely would not see this rate of construction in the States, nor would we complete them so quickly. This rapid development really underlies the incredible growth that China has been experiencing, as well as the rapid expansion of their Middle class. The apartments that I saw being constructed appeared to be for the middle class and are beginning to resemble modern apartments from Western culture. Clearly there must be substantial job growth in the cities to sustain the demand for these apartments, and I would suspect that we are seeing an inflow of rural citizens to the urban suburbs.
Chinese Infrastructure Expansion
TrackBack URL: http://blog.lib.umn.edu/cgi-bin/mt-tb.cgi/150186