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China's Copy of Manhattan Is No Longer a Ghost Town

  • Tianjin lures state-owned companies and Airbus assembly plant
  • Xi targets region for megacity development push in Xiongan
Bloomberg business news

QuickTake: China's 'One Belt, One Road' Policy

When Zhang Zhenhua arrived to Tianjin in 2014 to take on a job as a security guard at a luxury apartment complex, he didn’t expect to work in a surreal ghost town of vacant office canyons and half-finished high-rises.

Yet that’s pretty much what Zhang, who hails from a village in nearby Hebei, encountered when he reported for duty in Tianjin’s Xiangluowan district, the epicenter of the northern port city’s audacious proposal to create a 1.59 square kilometer replication of Manhattan. "The place was empty," Zhang recalled. "I could barely see anyone on the street."