Absolutely ridiculous, the Chinese bubble is blowing up out of control.
http://photoblog.msnbc.msn.com/_news/2011/10/10/8252200-chinese-village-unveils-skyscraper-taller-than-the-chrysler-building
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QuoteChinese village unveils skyscraper taller than the Chrysler Building
David R Arnott writes
A once-sleepy village in the countryside of eastern China
celebrated its 50th anniversary Saturday by unveiling an
incongruous addition to its skyline: a skyscraper taller than the
Chrysler Building.
The 74-story Longxi International Hotel towers 328 meters
(1,076 feet) above the village of Huaxi and cost 3 billion yuan
($472 million) to build, according to the state-owned China
Daily newspaper.
The building exudes wealth and excess," wrote The Guardian's
Jonathan Watts, who was given a tour before the official
opening. One of the most impressive features is a one-tonne
gold statue of an ox, said to be worth $47.2 million.
It may model itself on Dubai, but Huaxi is still officially classified
as a village. Its original residents, just 2,000 families, have
shared in the bonanza of its transformation. Reuters reports
that they each have at least $250,000 in the bank, as well as
enjoying universal health care and free education.
The rise of Huaxi, which now operates as a conglomerate with
interests in steel, shipping, tobacco and textiles, has drawn tens
of thousands of migrant workers, Watts reports, but their
comparitively meager earnings have left them on the outside
looking in.
What remains unclear is where the hotel, with its 826 bedrooms
and dining facilities for 5,000 guests, will find its patrons. Local
officials confidently predict a tourist rush, but if it does not
materialize then their golden ox may come to resemble nothing
no much as a great white elephant in the sky.
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That's awesome. :lol:
A $47 million golden bull shows real class.
Quote from: Zanza on October 10, 2011, 01:30:29 PM
A $47 million golden bull shows real class.
Moses is gonna kick their fucking ass! :Joos
Quote from: Zanza on October 10, 2011, 01:30:29 PM
A $47 million golden bull shows real class.
Some looter will have a field day with that one day when it all come crashing down.
Hollywood can start making the movie.
"The Great Bull Robbery", "To steal a Bull", "The Pink Bull", "The Chinese Job", "Indiana Jones and The Golden Bull", "Gold Bullfighters from Outer space", "The Great Bull of China", "The Golden Bull strikes back", "The Bull King 3D", "Aliens vs The G-Bull", "Bull of the Damned", "SuperBull", "The Dark Golden Bull of Gotham".
A lot of bullshit in this thread.
Most of it in the above two posts.
Is this one of those things where people who aren't paying attention give money to someone else and an entire town pretends it's a worthwhile investment? I mean, even by Local Hero standards, the money people must be pretty hands-off.
Quote from: jimmy olsen on October 10, 2011, 01:11:31 PM
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Looks like a city building game.
Looks like a fancy water tower.
Looks like the final level in a Contra game.
Looks like an anime villain hideout.
Quote from: FunkMonk on October 10, 2011, 05:18:32 PM
Looks like the final level in a Contra game.
This one is my favorite. :lol:
Less then 500 million for a skyscraper? The Chinese are efficient.
They have to pad their GDP figures somehow, build, build, build.
Recent wobbles in China are quite worrying. For China`s bubble to finally burst I wouldn`t mind so much normally but when the rest of the world is in such a state....
It looks like a cartoon, where the villain that holds the village under his thumb is living in the skyscraper that obviously doesn't belong.
Quote from: Admiral Yi on October 10, 2011, 03:32:50 PM
Quote from: jimmy olsen on October 10, 2011, 01:11:31 PM
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Looks like a city building game.
You can see the zoning just to the right of the tower, some dense commercial, light residential and maybe a subway station. What does orange stand for again? I forget :hmm:
Where did these guys get the funding to do this? The more I think about it, the more I worry about my Chinese bank stocks :ph34r:
There is one hell of an investment bubble..........but we all know this, the question is when it will pop?
I thought I had seen some ugly buildings before. Wow. That is appalling.
What is wrong with the Chinese? This looks almost exactly like the kind of thing that led to the 1997 Pacific economic meltdown.
Quote from: Valmy on October 11, 2011, 09:36:56 AM
What is wrong with the Chinese? This looks almost exactly like the kind of thing that led to the 1997 Pacific economic meltdown.
The central government has less control of the regions economies than they'd like. They know there's a bubble, but the various factors encouraging individual and local actors to perpetuate the bubble are still there.
Thanks to that statue of the cow and the cartoony styling, I'm forever going to think of this building as "The Mooby Building."
Huh.
http://www.businessinsider.com/huaxi-richest-village-china-photos-2011-10
That village is listed on their stock exchange. It's like some kind of visionary bubblemanic corporatist Potemkin.