“Vast new cities are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.
Racing to stay ahead of the world economy, is the superpower about to implode?
There are around 64 million empty apartments in China”, claims analyst Gillem Tulloch. It’s all part of the Chinese government’s efforts to keep its economy booming and there are plenty of people who would love to move in but the properties are priced out of the market.”
End of quote.
Anyone looking for the seeds of global financial disaster need look no further.