Thoughts on Sinofuturism

At that point, China will have to choose between A) expensive upkeep and redevelopment to keep cities looking new, or B) patching up and painting over old buildings to save money. Japan actually chooses the former, which is why it still looks nice — but this eternal construction and beautification costs a lot of society’s resources. Hong Kong and T... See more

In other words, China’s real estate era may have ended in tears for some developers and local governments, but it left behind the physical edifice of a very futuristic-looking country. When people go to China and see the future, what they’re really seeing is the country’s recent past.