If you want to know more about China's "ghost cities". This is a great documentary on it: https://www.youtube.com/watch?v=GpnoPhY1f70
In there around the 9:15 mark, it has said that "ghost cities" of today will be filled up 5 years later as a standard development in China (not exactly sure on the veracity of that statement).
I think that as the government realize the death of the "baby boomer" generation, they are going to loosen up its single child policy so they build the cities in preparation for the "nation's rebirth". And as the "baby boomers" dies off, there will be more jobs available for the youngsters and thus they will earn the appropriate amount in order to speed up the economy by purchasing those households and won't make the housing investment a failure.
However all of the above is just a speculation of how things will transition from one state to another and while it sounds good in theory, we have yet to witness how will the Chinese government execute such strategy.
In there around the 9:15 mark, it has said that "ghost cities" of today will be filled up 5 years later as a standard development in China (not exactly sure on the veracity of that statement).
I think that as the government realize the death of the "baby boomer" generation, they are going to loosen up its single child policy so they build the cities in preparation for the "nation's rebirth". And as the "baby boomers" dies off, there will be more jobs available for the youngsters and thus they will earn the appropriate amount in order to speed up the economy by purchasing those households and won't make the housing investment a failure.
However all of the above is just a speculation of how things will transition from one state to another and while it sounds good in theory, we have yet to witness how will the Chinese government execute such strategy.