They say you can’t have too much of a good thing, but when it comes to bike sharing in China this may not be true. The bicycle graveyard in China is an example of what happens when industries are not regulated and there is too much of something and not enough demand for said product. It is capitalism gone wild and the thousands of confiscated and abandoned bicycles in China shows the stark reality of what can happen when too many jump on the band wagon and a good idea turns into a nightmare.
To put it in perspective currently Shanghai “currently has 1.5 million shared bikes on the streets” compared with the 11,000 shared bikes in London.
“Bike sharing remains very popular in China,” in part because it costs about 15 cents for a 30 minute bike ride. , and will likely continue to grow, just probably at a more sustainable rate.”
Now the question is what is China going to do with the mountains of bikes that are left behind?