Is this why the Chinese leaders are trying to rock the boat, so their people will be diverted from their emerging domestic crisis? - Golez Another Ghost Town in China, This Time a Replica of Manhattan Malinvestment in China proceeds at a staggering pace. Technically, this growth adds to GDP, but eventually it will be written off. Ghost cities, ghost malls, and empty train stations in China have been in the news for years. The worlds largest mall is unoccupied and entire cities sit vacant. Stories like this show why it is extremely unlikely China will pass the US any time soon. “Chinese growth is enormously exaggerated, malinvestment abounds, prices are absurd, and shadow bank operations that funds these developments will eventually implode. Read more at globaleconomicanalysis.blogspot/2014/06/another-ghost-town-in-china-this-time.html#GWUh3qMDYYzxWYJu.99
Posted on: Fri, 27 Jun 2014 22:54:58 +0000