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China's growth is being sustained by a development bubble, where they are accumulating the infamous ghost towns. But I've never heard anyone deny the fact that
by aryastark 13y ago
China's growth is being sustained by a development bubble, where they are accumulating the infamous ghost towns. But I've never heard anyone deny the fact that they are doing these things. And, of course, everyone in the US already knows that China makes everything. So I don't know who you are referring to here.
- Symmetry 13y agoChina has a lot of ghost towns, but remember that the ghost towns from 2008 are full of people now, so I'm guessing that the current ghost towns will up sooner or later. China has way less square footage of housing per capita than Europe, much less the US so building lots of housing is a pretty reasonable investment even if it doesn't pay off instantly.