chinese property bubble and empty cities

  1. 265 Posts.
    So this is how China achieves its GDP growth - building empty cities and Shopping Malls that no one wants to occupy.
    Can Australia keep relying on China ?

    Meanwhile the USA is printing money and bailing out sick banks who then buy the government bonds.

    What are we basing the current "global recovery" on ?

    Chinese Empty Cities -
    http://www.giantrobot.com/index.php/blogs/eric-post/chinas_ghost_cities_and_malls_video_-_empty_cities/
 
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