China’s Ghost Cities

21 Jul

It’s said that there are around 64 million empty apartments in China. This is a documentary by SBS Dateline (Australian TV) about the Chinese real estate market.

One remarkable piece of economic news barely rated a mention this week, China surpassed the United States as the world’s leading manufacturer. It is hard to grasp the magnitude and speed of China’s economic transformation, however, things may not be as rosy as they seem. It’s estimated that ten new cities are being built every year – a sign of future growth or just another bubble waiting to burst? Adrian Brown reports.

Leave a comment