See the China Property Bust: An Empty City For 12 Million People

Tuesday, March 29, 2011

Are you long the China stock market? Better reconsider your position! This video (h/t @izakaminska) about a Chinese town for 12 million people that has been standing empty for 6 years will shatter any illusions that China's property slump may be short term.
Forget all statistics, business is definitely dead here.

Millions and millions of empty apartments may lead to massive social unrest. It cannot be ruled out that inflation-hit Chinese peasants could one day take over these apartments. Such a redistribution of property may also be called civil war.


Wikinvest Wire