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April 18, 2011 02:22 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/6ORoe4IEn9Q/chinas-housing-bubbl.html
China's housing bubble: ghost malls, ghost highrises, and ghost cities
Here's an Australian TV documentary about China's housing bubble which has given rise of bizarre ghost malls, ghost highrises, and even ghost cities. It's symptomatic of the growing divide between China's rich and poor, which has left many Chinese without adequate housing. Unlike the US bubble, the Chinese property bubble isn't founded on cheap credit, which makes the analyst hosting the show believe that it won't burst in the same way as American on. China's Ghost Cities and Malls...
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/6ORoe4IEn9Q/chinas-housing-bubbl.html
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