When a local government demolished an unoccupied newly built building last year, I wrote about China's sunshine industry:
Since "build and they would come" didn't work, so might as well just build THEN demolish as a circular economic growth model. Neat!
Well the above headline reveals of more signs of 'economic' activities based on 'build and demolish'
To quote En.people.cn (image/headline theirs)
More than 100 high-end villas are razed to the ground without permission from local authorities in Heyuan City, south China's Guangdong Province. The real estate developer who built these luxury houses said the houses were pulled down due to a tight budget. The demolition fees were worth some 120 million yuan ($18.5 million). The high-end houses started construction in 2004, covering an area of 60,000 square meters.
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