China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper

Tyler Durden's picture




 

"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.

*  *  *

The silver-lining - now workers can clean up the mess, dig a bigger hole... and fill that in - all in the name of Keynesian "growth."

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Sat, 01/09/2016 - 23:40 | 7024301 jeff montanye
jeff montanye's picture

that's why the top blew up first.  well actually the lobby and the basement.  but that was before the plane got there.

anyone not bought or a fool that watches a magnified, slow motion video of the wtc collapses can see the explosives tearing the buildings apart.   that's the most obvious of a near infinity of tells.

Sat, 01/09/2016 - 22:50 | 7024161 FX223
FX223's picture

I thought you were supposed to fly the airplane into the building before you light the fuse on dynamite.

 

Stupid Chinese 

Sat, 01/09/2016 - 17:05 | 7023026 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Don't they have empty cities which have been there for years? Let's demolish those too yeah!

Sat, 01/09/2016 - 17:47 | 7023187 Zero Point
Zero Point's picture

I imagine the quality of its construction was top notch.

Sat, 01/09/2016 - 22:44 | 7024139 Fullthrottle
Fullthrottle's picture

Its really not surprising considering everything they build only lasts a couple months. 

Sat, 01/09/2016 - 16:52 | 7022970 aint no fortuna...
aint no fortunate son's picture

coming soon to a gulag near you

Sat, 01/09/2016 - 16:57 | 7022991 MrNosey
MrNosey's picture

Make them an appointment to see this Russian doctor……

http://beforeitsnews.com/healthcare/2016/01/crazy-russian-doctor-kills-p...

Sat, 01/09/2016 - 17:58 | 7023236 stacking12321
stacking12321's picture

fuck off, stupid spammer

no one cares about your crap site

Sat, 01/09/2016 - 17:03 | 7023020 Mr Pink
Mr Pink's picture

They could have saved money and just started fires on 2 floors and wait

Sat, 01/09/2016 - 22:47 | 7024149 Fullthrottle
Fullthrottle's picture

Actually they let a good Crisis go to waste. They could have flown a Jetliner into it then blame Taiwan then invade Taiwan. Didnt they learn anything from us!

Sat, 01/09/2016 - 17:11 | 7023052 BennyBoy
BennyBoy's picture

Bastiat, Chinese style.

Sat, 01/09/2016 - 17:50 | 7023206 Wulfkind
Wulfkind's picture

I call the top.  If THAT is not indicative of the top, I don't know what is.

Sat, 01/09/2016 - 20:33 | 7023745 Gregory Poonsores
Gregory Poonsores's picture

Krugman would bring out the hand lotion and paper towel for this.

Sat, 01/09/2016 - 16:53 | 7022973 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

Pull it!

Sat, 01/09/2016 - 17:01 | 7023005 Lurk Skywatcher
Lurk Skywatcher's picture

No, what really happened was a plane crashed nearby.

Have they blamed the Saudi's then invaded Iraq yet?

Sat, 01/09/2016 - 17:11 | 7023051 blue51
blue51's picture

Larry Silverstein owned that one TOO??

Sat, 01/09/2016 - 18:12 | 7023284 Lorca's Novena
Lorca's Novena's picture

Thank you! I had a heartfelt chuckle!

Sat, 01/09/2016 - 20:34 | 7023748 justdues
justdues's picture

Some "Dancing Israelis" recorded this event .

Sat, 01/09/2016 - 16:54 | 7022974 kiwimail
kiwimail's picture

Break those windows!!!

Sat, 01/09/2016 - 17:44 | 7023175 Wile
Wile's picture

Hazlitt !

Sat, 01/09/2016 - 16:56 | 7022975 omniversling
omniversling's picture

Well timed Kessel!

Sat, 01/09/2016 - 16:55 | 7022977 KingdomKum
KingdomKum's picture

dupe

Sat, 01/09/2016 - 16:54 | 7022980 All is chosen
All is chosen's picture

Psst: Don't tell the Germans

 

or the Swedes

 

or the Swi.....

Sat, 01/09/2016 - 19:35 | 7023568 THX 1178
THX 1178's picture

What happened? Nailgun?

Sat, 01/09/2016 - 16:56 | 7022986 buzzsaw99
buzzsaw99's picture

it was probably defective

Sat, 01/09/2016 - 16:57 | 7022987 American Psycho
American Psycho's picture

Where "building you up to tear you down" has a different meaning. 

Sat, 01/09/2016 - 16:57 | 7022989 AMonkeysUncle
AMonkeysUncle's picture

They could have just flown a small drone into it and watch it collapse through the path of most resistance. Works every time.

Sat, 01/09/2016 - 16:58 | 7022995 DrZipp
DrZipp's picture

Prices on real estate were about to tank.  Destroy housing stock until there is a shortage again.

Sat, 01/09/2016 - 17:01 | 7022998 debtor of last ...
debtor of last resort's picture

I don't know the difference between the boom and the bust anymore.

Oh, did the bankers jump before or after?

Sat, 01/09/2016 - 16:59 | 7022999 Bam_Man
Bam_Man's picture

And some people are wondering "How could the Yuan be in free-fall?".

Raffing out Rowd.

Sat, 01/09/2016 - 16:59 | 7023003 pupton
pupton's picture

These are the kind of "shovel ready" jobs we need here in 'Murica...

Sat, 01/09/2016 - 17:00 | 7023004 RaceToTheBottom
RaceToTheBottom's picture

Just practicing.....

Sat, 01/09/2016 - 17:00 | 7023009 Bam_Man
Bam_Man's picture

Maybe I should consider going long dynamite futures?

Sat, 01/09/2016 - 19:43 | 7023606 verbot
verbot's picture

Load mem...mem...load archive....archive... Load wit.....file missing press any key to continue...
I only logged on to comment about 9/11.
We have had several hi rise steel frame buildings recently catch fire and lo and behold....no falling buildings...
It's science that is the problem... Physics dictate certain outcomes and the corrupt criminals in government claim physics no longer apply to three steel frame buildings in Newyork...
Frankly I get such a giggle when good folk point this out and one or two shills show up to claim science and physics do not apply to those three buildings that fell in NewYork.
The deep state apparatus can not under any circumstances allow folks to think steel frame building don't fall when they catch fire so they come out like cockroaches to claim somehow, and some way those three buildings are "different".
Science tells us they are wrong and all one must do is remember that "free fall" is 32feet per second per second and all of the facts become clear about who is right and who is wrong..
There was recently a fat idiot on YouTube declaring HE would debunk the issue of jet fuel burning hot enough to melt steel(along the government storyline) so he burns a steel rod 300 degrees higher the jet fuel can ever burn and suddenly claim a win over science. Of course he is an idiot and potentially an x military type(gone to pot with the fat belly) so that was expected from those who fear they would end up at The Hague for charges of war crimes.
So if any of you out there ever see George Bush please take him to the proper authorities thank you...
The rest of you keep the pressure on those who would claim science does not apply to three buildings are n NewYork on 9-11-2001
Also remind those criminals that statutes of limitations DO NOT apply to war crimes.
And because of that fact we all may One day see those Israeli agents being executed alongside the American traitors they were working for....
End of line.....

Sat, 01/09/2016 - 17:01 | 7023010 silverer
silverer's picture

Does the loan still have to be paid back?

Sat, 01/09/2016 - 17:02 | 7023014 Bam_Man
Bam_Man's picture

Repeat after me, "The Chinese banking system is solvent..."

There was no mortgage on that building, right?

Sat, 01/09/2016 - 17:03 | 7023018 directaction
directaction's picture

The USA needs to copy China, do this each and every day. Build a skyscraper, destroy it, build another, destroy it. Do this over and over and over again in cities across the nation and the economy will race ahead. Think of the profits in the equity markets!  :)

Sat, 01/09/2016 - 17:03 | 7023019 Peter Pan
Peter Pan's picture

They might be practising for their own Twin Tower disaster.

Sat, 01/09/2016 - 17:04 | 7023023 Westcott Canon
Westcott Canon's picture

I think the Chinese would be better buying gold bars and having the moved for point A to B and back to point A if they need to create makeshift work.

Sat, 01/09/2016 - 17:05 | 7023024 Yen Cross
Yen Cross's picture

  The farmers get nothing, and like it... As usual<

 I guess those copper ore stashes weren't as high as we thought?

Sat, 01/09/2016 - 17:05 | 7023025 Fuku Ben
Fuku Ben's picture

Hmmm... that looked an awful lot like World Trade Center (WTC) Building 7 going down. I'm beginning to get suspicious of the September 11 government narrative.

Sat, 01/09/2016 - 17:06 | 7023027 _ConanTheLibert...
_ConanTheLibertarian_'s picture

This was probably building no. 7

Sat, 01/09/2016 - 17:06 | 7023029 WTFUD
WTFUD's picture

Why not just dig holes and then fill them in? You can get rich by diggng a ditch!

Sat, 01/09/2016 - 17:08 | 7023037 Bam_Man
Bam_Man's picture

And have them do it with teaspoons. They'll get even richer.

Sat, 01/09/2016 - 17:13 | 7023055 WTFUD
WTFUD's picture

Spoon ready jobs? They use chopsticks, though!

Sat, 01/09/2016 - 22:54 | 7024178 Yen Cross
Yen Cross's picture

Tungsten " chop -stiks"?

Sat, 01/09/2016 - 17:08 | 7023036 Seasmoke
Seasmoke's picture

We call that The Krugman.

Sat, 01/09/2016 - 17:09 | 7023039 - - - - - -
- - - - - -'s picture

what a waste   black children in africa could have eaten the building

Sat, 01/09/2016 - 17:14 | 7023060 Youri Carma
Youri Carma's picture

Better to fly a plane in it and then blow it up and say the Arabs did it so you can start a war anywhere you please which makes it even more profitable.

Sat, 01/09/2016 - 17:15 | 7023064 Albertarocks
Albertarocks's picture

Did the report say which kind of plane they used?

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