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Monday, May 07, 2018

Stunning Photos Of China's Haunting Bike Graveyards

In 2014, we exposed the world to the reality of malinvestment, 'channel stuffing', and the aftermath of a credit-fueled bubble in auto manufacturing with shocking images of where the world's unsold cars go to die.

Four years later, we shift geographically from The West to The East, and exchange four wheels for two as the disgusting waste and sheer scale of China's debt-pumped investment bubble is fully exposed - not it ghost cities (for once), but in the eerie images of what happens when the 'sharing economy' meets reality..

For the past 18 months many cities in China have been flooded by millions of dockless share bikes.

As The Guardian reports, those that block pavements or apartment entrances have been removed by authorities to vast storage areas. Viewed from afar they create compelling and mysterious patterns – but also represent waste on an enormous scale...

An aerial view of the rental bikes detained by the local urban administration authority of Luyang district in Hefei. Given that the shared bikes have several users a day – some of them inexperienced riders who swerve into traffic - they are often damaged, vandalised, or abandoned...

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2 comments:

Anonymous said...

Bike sharing another socialist idea brought to us by the young urban progressives who don't have a clue to how the real world is.

Anonymous said...

If fake jake gets his way, this will be the future beautification of Salisbury. Remember, if you live in the city, this is on your dime.