China suffers the painful aftermath of its burst real estate bubble, with no clear end to the turmoil. The 2008 four-trillion-yuan stimulus fueled a housing boom, which collapsed amid deflation, economic slowdown and plummeting birth rates, leaving local governments in heavy debt and many projects in ruins. This drone-shot photo series documents these abandoned infrastructures, recording overdevelopment’s cost and prompting reflection on rational urban planning.
Photographer
Hui Zhao, China
China suffers the painful aftermath of its burst real estate bubble, with no clear end to the turmoil. The 2008 four-trillion-yuan stimulus fueled a housing boom, which collapsed amid deflation, economic slowdown and plummeting birth rates, leaving local governments in heavy debt and many projects in ruins. This drone-shot photo series documents these abandoned infrastructures, recording overdevelopment’s cost and prompting reflection on rational urban planning.