> We in Shenzhen call what's going on recently as "Dubaisation" of the city.
How does this compare to Beijing and Shanghai I wonder? I'd have to imagine all the top Chinese cities, with their absurd real estate prices, are seeing similar
You could make similar analogies to top American cities too of course
Beijing and Shanghai had relatively little industry to begin with. They don't have to "battle" the phenomenon to survive, their economies, and people lives will not crash from that.
How does this compare to Beijing and Shanghai I wonder? I'd have to imagine all the top Chinese cities, with their absurd real estate prices, are seeing similar
You could make similar analogies to top American cities too of course