Here’s a fascinating report from Australia TV’s Dateline SBS about China’s “Ghost Cities:” vast, unneeded building projects whose sole purpose is to boost China’s GDP. If you think America’s housing bubble was bad, wait until this one pops.
Here’s a fascinating report from Australia TV’s Dateline SBS about China’s “Ghost Cities:” vast, unneeded building projects whose sole purpose is to boost China’s GDP. If you think America’s housing bubble was bad, wait until this one pops.
Wow. My stock broker keeps touting Chinese investment funds; but, I resist because of a feeling that it will all go down hill too quickly to react. Of course I’ve been resisting for something like 10 years and they still keep plugging along.