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Why Chinese President Xi’s $93B Personal Megacity Remains Empty | WSJ

China’s $93 billion smart city of Xiongan is President Xi Jinping’s utopian legacy. But after seven years of development, one of the world’s most expensive infrastructure projects remains largely empty. Located 60 miles outside Beijing, Xiongan is designed to ease pressure on the overcrowded and congested Chinese capital of more than 20 million people. So why are the streets of the new metropolis empty and will people move in?

WSJ examines the challenges facing the megaproject and how it is exposing the limits to President Xi’s rule.

Chapters:
0:00 Xiongan’s troubles
0:23 Why the smart city is being built
1:55 Importance for President Xi
3:00 Xiongan population

News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

#China #Xiongan #WSJ


The number 1 lesson I learnt after selling 1 coffee in 12 months

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WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: https://www.youtube.com/watch?v=Mt1P7p9HmkU
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: https://www.youtube.com/watch?v=T2tagxLhlv4


WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.

DISCLAIMER: The content provided in this YouTube video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.


How much cheaper is making sauerkraut at home?


This was a good time



The Fight For The $150 Million Emerald Industry In Colombia | So Expensive | Business Insider

Colombia produces the world’s most expensive emeralds. The highest quality stones can be worth tens of thousands of dollars per carat. Miners have fought over these treasures for centuries, but in the past decade, foreign investors have modernized and consolidated the industry. The newcomers have brought safety and new jobs to the area, but there’s little left over for the communities around the mines. So what happens when foreign investors take over a $150 million industry? And can local miners gain a piece of it back?

MORE SO EXPENSIVE:
Why Canada Goose Is So Expensive | So Expensive | Business Insider
https://www.youtube.com/watch?v=psDt60SP_UI
Why France's 'Lost' Marble Costs 20 Times As Much As White Marble | So Expensive | Business Insider
https://www.youtube.com/watch?v=6f2jANwqhJE
Why Oxtail Is More Expensive Than Ever | So Expensive | Business Insider
https://www.youtube.com/watch?v=mXKIy9AMios

00:00 - Intro
01:12 - How Emeralds Form
02:22 - Fighting For Emeralds In Muzo
05:42 - Relaxing After The Voladora
06:48 - The Fight To Control Colombia’s Emeralds
09:54 - One Of The Biggest Emerald Mines In Colombia
11:11 - Artisanal Tunnel Miners
12:44 - Life As An Emerald Miner
15:40 - Modern Mines Are Changing The Industry
17:54 - Why Colombian Emeralds Are So Expensive
19:30 - A History Of Exploitation
20:43 - Life As A Guaquero
22:38 - Credits

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#colombia #emerald #businessinsider

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The Fight For The $150 Million Emerald Industry In Colombia | So Expensive | Business Insider