China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper
"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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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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Flying planes into Buildings has been done, something new is needed such as flying planes into a passenger cruise ship.
Someone had a Krug-gasm
Now expect Larry Silverstein to put in an insurance claim.
"Pull it"
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
Beats bailing out bankers.
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
Printed by the PBoC's cash for clunkers program.
That's some good "bankster jumpin' building" that just went to waste.
Fuck you China!!!
Can they disappear the debt financing for that building just as easily?!?
concrete too old? 10 years?
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?
Only real P.Eng could crack a joke like that, honestann. Frankly, not only are you a pure genius, but you have a great sense of humour too.
I'm going to watch the Roadrunner outsmart the Wily Coyote on the Bugs Bunny & The Roadrunner Hour now. cheers
Ordo ab Chaos. Chaos ab Ordo.
Pass Go, collect $200 million. Rinse & Repeats.
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.
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.
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.
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.
This is what happens when the Termite Extermination Contract expires - from Orkin, Inc.....
Haven't seen anything like that since 2001 and life hasn't been the same ever since ! I have always considered tower 'demolition' to be synonymous with FREEDOM THEFT !
its a conspiracy
STUNningly bad reporting/comprehension
Boobs r us
The demo was completed on Nov 15, not the building
"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.
Directional blasting demolition of a high-rise building is completed successfully at 7 a.m. on November 15, 2015 in Xi'an, in northwestern China's Shaanxi province. [Photo: Xinhua/Tao Ming]
Wonder where Dick Cheweiny was. Probably getting ready to go on c-n-nema and explain how a cave troll did this.
The Building was demolished in November 2015...NOT Completed in 2015, however it is true the Building was never used and I suspect this will be the fate of many Buildings in China
http://www.china.org.cn/china/2015-11/16/content_37071944.htm
was wondering... nearly 2 months old and the infamous "pull" order came down...
So solly Chollie, Must lent only fleshest building!
I'm guessing they aren't using their empty building to house foreign refugees? Now that's not very culturally Marxist of them, now iis it?
Once again the media has published an article suggesting that Red China is just another normal country that is involved in science and finance and cares about air pollution and fixing the terrorist problem in the World. The media might try telling us the facts, once in a while, concerning the blood-thirsty CCP. The heinous Chinese Communist Party's only concern is the total control of its people by the use of torture, slavery, organ harvesting and murder. Since 1949, the blood-thirsty CCP has murdered eighty million of its own people and is now attempting the genocide of the millions of innocent Falun Gong practitioners who live there. None of the millions of atrocities that have been and are still being committed are ever mentioned by the media because of corporate greed so the people of the World look at China as a budding financial power when in fact it is a dark, scary, brutal regime. Human greed, insatiable.
China is no different than Nazi Germany except that they have more money and are using it to buy favors.
must be a bugger to grow those little black mustaches.
Noooo! you idiot not the 27 story building finished in November the 4 story one on the left!!
Nothing to see here....Zero hedgers...
Code violation-----so, it couldn't be used legally....and no economic way to fix the code violation....The only use left is tested out new demolition method.
If it happened here in USA....I would surmise the building would suffer the same fate....some dumb contractors/bankers/etc eat the dust for failing due diligence. That's all, folks, nothing to see here. Do recall that blasted off demolition also cost money. It was probably a court order to demolish the building....
When I was stationed in Korea, I remember inspecting a new barracks built by korean contractors.
Each room had 30 AC outlets ...
The brackets for the shelves were installed upside down (to undo the historic benefits of triangles).
All-in-all it was a VERY SHODDY job.
One of the sargeants that had been there forever said, "Sir, this is just how they build it in Asia".
"Sargeants" huh? And you were in the military? I sure hope that was a typo.
Well. I AM SILLY, How did you get to be an OFFICER? Whats wrong with having 30 alternating current outlets? Triangular brackets would work either way.
Years ago the only hand tools I would use were Snap-On because the were of superior quality . Now they are just a lot more expensive. This aint "korea" anymore old timer. Take your meds and go back to sleep
"Code violation"
Meaning the bribes weren't big enough.
Larry Silverstein owns that building.
another disgusting misallocation of capital.. thanks to the bejing buffoons central planning gone "horribly wrong"..
Keynesian Feng Shui ...
Amazing how a building can be demolished into its own footprint without the aid of jet fuel. Who would have "thunk" it?
economics is a form of brain damage. all is nature. nature is all.
The funny thing about the picture is that there is another building in the background with a crane on top of it. Too funny...
How many lives will be ruined by the toxic dust released from this demolition? Oh, that's right, that only happens with uncontrolled demolitions doesn't it?.
yeah far as I know China is still South Africa's largest recipient of raw cape blue asbestos for insulation
That building came down faster then a Jew picking up a penny.
In Detroit they can't even find the money to pull down buildings.
This is a rubbish post. Look at the date of the article. Read the article. The building was demolished on 15 Nov 2015, article dated 16 Nov 15. It may have been unused, but it looks like it was also uncompleted. Developer prob ran out of money.
The Tylers/ZH just jumped the shark... pfft.
Did they diss your anal magic?
no... they dissed yo mama's vaginal discharge.