VIDEO: Law of Unintended Consequences, Chinese Edition
China’s Ghost Cities: “Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns. It’s all part of the government’s efforts to keep the economy booming.” (via Geekosystem)
Related story here.
It sounds like China has a government-fueled real estate bubble of its own, just like we once did in the US. What will happen to the world economy when the Chinese real estate bubble bursts?
