Friday, October 21, 2011

More Signs of China’s Bubble: Unused State of the Art Sports Stadiums

China’s manifold grand real estate projects like ghost cities and empty malls are manifestations of her “spend you way to prosperity” bubble economy. And there is more, China has been erecting ostentatious sports stadiums that has hardly been used.

The Business Insider writes

The stadium-building frenzy that took over China in the lead up to the 2008 Olympics hasn't stopped.

The glitzy new Shanghai Oriental Sports Center opened earlier this summer, and more venues are currently under construction in cities and towns across the country.

But these stadiums have one little problem: no one uses them.

China's domestic sports scene is still in its infancy — with basketball and a corruption-hit soccer league the only viable organizations.

Here are two samples of these grand edifices.

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Click here to see more pictures of the hardly used stadiums from the Business Insider

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