The Phaserl


China Goes Full Keynesian-tard: Demolishes Brand-New-Never-Used Skyscraper

from Zero Hedge:

Growth” meet “mal-investment boom-bust” In a perfect example of the smoke-and-mirror-ness of China’s credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, “having been left unused for too long.”

As China People’s Daily reports,

Directional blasting demolition of a high-rise building was completed successfully at 7 a.m. on November 15, 2015 in Xi’an, in northwestern China’s Shaanxi province.



The building was 118 meters high (27 floors) with a total construction area of over 37000 square meters.



Having been left unused for too long, the building could not be brought back into use so local government decided to demolish it.



It is reported to be the highest building that has ever been demolished in China.

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2 comments to China Goes Full Keynesian-tard: Demolishes Brand-New-Never-Used Skyscraper

  • Rodster

    But don’t worry because China is run by honest people and once they replace the US dollar with their gold backed Yuan, they will always do the right thing with honesty and integrity. China is the Eastern version of our current criminal banking cabal.

    Oh Ye Suckers !

  • some guy

    Look close at the picture – that is not a new building or a new site.

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