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We saw a lot of those in Shanghai last year when we went back to China. Many people who live in the dilapidated buildings are the ones who generally refuse to take the compensation and move to the outskirt of the city. Those buildings usually have a big red character that indicates they will be taken down. I always feel sorry to see the scene.
I always have mixed feelings about China's development. It's great to see my own country's economic power is getting stronger and stronger, but in the midst of it, it always seems there are something genuine being lost. Maybe it's just me being nostalgic.