China's Parking Problems? (Musical Tribute)

Beijing's Zhuhai BNU Campus


That was 2006. Most of those students have probably graduated. That leads to an obvious question. Just where do you suppose all those bicycles are parked now?

Beijing Seen Vacant for 50% Commercial as Chanos Predicts Crash

“China is the only place in the world that despite having more empty buildings than the rest of the world has yet to reflect those valuations on their balance sheet,” Rodman said.

Gazing south from the building that houses the Beijing headquarters of Goldman Sachs, UBS AG and JPMorgan Chase & Co., one of the first structures in the field of vision is a 17-story office tower at No. 9 Financial Street. Empty.

Farther along are the two 18-story towers of the Bank of Communications Co. complex. Dirt is gathering at the doors and the lobby is now a bicycle parking lot. A spokeswoman for the Shanghai-based lender didn’t return phone calls and emails.

Brilliant!