Chongqing property boom a test for China’s economy – Jason Subler

From Reuters via the Washington Post (link)

The billboards that line the road from the airport to the center of this metropolis in China’s southwest proclaim as soon as you arrive that the country’s property boom has spread firmly to the interior.

Touting housing developments like “Venice Impression” and “Dream Town,” they are as ubiquitous as the cranes and frames of high-rises covering the hills on the outskirts of this gateway to the west, which not long ago were only dotted with villages.

Once a scene reserved for eastern cities like Beijing and Shanghai, they testify to a transformation overtaking China’s second-tier cities, as investment in factories and infrastructure brings in jobs and raises incomes.

Categories :

Tags :,

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.