Friday, April 15, 2011

China’s Ghost Cities – Make-work Programs on a Gargantuan Scale

ghost-city-china-ordos

Sixty-four million empty apartments and growing.  China’s robust economy is being largely fueled by government make-work projects that are failing to produce the consumer society we were led to believe by free traders.

SBS’s Dateline in Australia has produced an absolutely must watch video about the growing economic bubble in China.

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