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 - 17:42 | 7023166 Ms No
Ms No's picture

I don't know WTH is going on as far as whether the motive is inventory or currency but another chemical plant blew in China.

https://www.rt.com/news/328384-hunan-chemical-plant-blast/

Sat, 01/09/2016 - 18:08 | 7023272 Ms No
Ms No's picture

That carbon credits scam is interesting.  You always dig up interesting stuff. 

Sat, 01/09/2016 - 18:10 | 7023279 Lumberjack
Sat, 01/09/2016 - 18:18 | 7023305 Ms No
Ms No's picture

Hmmmmm....

Sat, 01/09/2016 - 18:45 | 7023385 Lumberjack
Lumberjack's picture

Honestly I dont dig regarding this subject. I know it well.

Sat, 01/09/2016 - 17:48 | 7023189 Wilcox1
Wilcox1's picture

I like the tower crane in the background putting up another one

Sat, 01/09/2016 - 17:52 | 7023194 Burticus
Burticus's picture

Since (in the absence of special 9/11 fires) it probably took two months to engineer and place the explosives, the Chinques must have started wiring it for demo right after it was completed in November, or installed the charges during original construction, to save cost.

Let me guess...the owner, Silverching, gave the order to "pull it" in Chinque.

Sat, 01/09/2016 - 18:50 | 7023405 GhostOfDiogenes
GhostOfDiogenes's picture

Silverching?

Naw. Rothchilds control the central finances of china.

https://www.rothschild.com/china-japan-korea/

Sat, 01/09/2016 - 21:45 | 7023960 samsara
samsara's picture

9/11 Security Courtesy of Marvin Bush

On the weekend of 9/8, 9/9 there was a 'power down' condition in WTC tower 2, the south tower. This power down condition meant there was no electrical supply for approx 36 hrs from floor 50 up... "Of course without power there were no security cameras, no security locks on doors and many, many 'engineers' coming in and out of the tower." [WingTV]

http://whatreallyhappened.com/WRHARTICLES/911security.html

Marvin Bush and the Planting of Explosives

http://www.911hardfacts.com/report_09.htm

Sat, 01/09/2016 - 17:49 | 7023201 roodeetoodee
roodeetoodee's picture

To be fair though, even their brand new shit looks tired and old.

Sat, 01/09/2016 - 17:58 | 7023235 Anopheles
Anopheles's picture

The REAL story is it was finished in 1999, not 2015.  

 

It was probably used by squatters the past 15 years. 

Sat, 01/09/2016 - 18:01 | 7023250 XitSam
XitSam's picture

The chinese wouldn't let syrian refugees move in?  Seems perfect for them.

Sat, 01/09/2016 - 18:06 | 7023268 besnook
besnook's picture

where have i seen that cloud of dust before? i know i have seen it. i know i saw that cloud of dust three times on the same day. now, where and when was that?

Sat, 01/09/2016 - 18:37 | 7023351 Vlad the Inhaler
Vlad the Inhaler's picture

What a wasted opportunity... they could have hired some terrorists to fly a plane into the building, blamed it on North Korea, and raided their treasury to start a bullshit war.

Sat, 01/09/2016 - 19:13 | 7023493 Low IQ fan of VVP
Low IQ fan of VVP's picture

Meh...It's not like those buildings are scarce over there...

When the times come...when the times come...

Sat, 01/09/2016 - 18:49 | 7023404 bugs_
bugs_'s picture

Someone had a Krug-gasm

Sat, 01/09/2016 - 18:50 | 7023407 Lucky Leprachaun
Lucky Leprachaun's picture

Now expect Larry Silverstein to put in an insurance claim.

Sat, 01/09/2016 - 19:05 | 7023452 Nocturnal Goyim
Nocturnal Goyim's picture

"Pull it"

Sat, 01/09/2016 - 19:14 | 7023501 random999
random999's picture

lol 27 floor "skyscraper"

 

In 20-30 years there will be massdemolitions of thousands of "skyscrapers" per year in china. Unless of course they decide to let people continue to live in them as they collapse one by one.

The social status of the future: can you afford to live in a safe house?

That is why you need to marry a rich man, so that you wont have to worry about the house falling down on you.

 

china-keynes 1-0

Sat, 01/09/2016 - 19:16 | 7023506 nc551
nc551's picture

Beats bailing out bankers.

Sat, 01/09/2016 - 19:53 | 7023641 fatlibertarian
fatlibertarian's picture

I don't understand why they demolished the building?

Why not just set it on fire and then let it turn to dust in mid-air like on 9/11?

http://drjudywood.com/articles/a/bio/biopics/bubbler.jpg

Sat, 01/09/2016 - 20:12 | 7023692 Bunga Bunga
Bunga Bunga's picture

Printed by the PBoC's cash for clunkers program.

Sat, 01/09/2016 - 20:13 | 7023697 orangegeek
orangegeek's picture

That's some good "bankster jumpin' building" that just went to waste.

 

Fuck you China!!! 

Sat, 01/09/2016 - 20:17 | 7023707 Government need...
Government needs you to pay taxes's picture

Can they disappear the debt financing for that building just as easily?!?

Sat, 01/09/2016 - 20:23 | 7023718 Omega_Man
Omega_Man's picture

concrete too old? 10 years? 

Sat, 01/09/2016 - 21:17 | 7023880 honestann
honestann's picture

What actually happened is the following.  Someone in the penthouse attached a cable to the elevator and pushed the down button.  The elevator pulled the building down.

The question is, what that a mistake, or was that Paul Krugman?

Sat, 01/09/2016 - 21:32 | 7023919 Kirk2NCC1701
Kirk2NCC1701's picture

Ordo ab Chaos.  Chaos ab Ordo. 

Pass Go, collect $200 million.  Rinse & Repeats.

Sat, 01/09/2016 - 21:35 | 7023928 ironmace
ironmace's picture

I call BS. Everyone knows you can't see your hand in front of your face in China. 

Even indoors, and on a good day.

Sat, 01/09/2016 - 21:40 | 7023950 Golden Showers
Golden Showers's picture

Maybe China was just doing a test to determine whether the Twin Towers fell at free fall speed on 9/11/01. Or perhaps they were trying to send a signal to the world, a May Day 05/01. Or perhaps they got excited with Tarot and "the Tower"

https://en.wikipedia.org/wiki/The_Tower_%28Tarot_card%29

Or perhaps it was just that every time their yuan gets devalued they'll pull a tower, go limp dick, and try to channel Mao to ask what the fuck went wrong.

Stupid Communists: You can put a lame duck in a window, but you can't make the people eat it!

Hey Bill, Sound familiar? Your stupid lame duck bitch Hillary can't get her shit up either! Fuck! Lick it up, baby. Lick it up.

Sat, 01/09/2016 - 21:41 | 7023953 NoYouAreAnAsshole
NoYouAreAnAsshole's picture

Now if only the ideology of communism could have been an idea with the same "long" lifespan.

Communism was the leading ideological cause of death between 1900 and 2000. The 94 million that perished in China, the Soviet Union, North Korea, Afghanistan, and Eastern Europe easily (and tragically) trump the 28 million that died under fascist regimes during the same period.

According to a 2011 Rasmussen poll, 11% of Americans think that communism would better serve this country’s needs than our current system.

Sat, 01/09/2016 - 21:46 | 7023967 Kprime
Kprime's picture

The US .gov could learn a lot from China.  they brought that building down and didn't even have to fly a jet into it.

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