Here's an Australian TV documentary about China's housing bubble which has given rise of bizarre ghost malls, ghost highrises, and even ghost cities. It's symptomatic of the growing divide between China's rich and poor, which has left many Chinese without adequate housing. Unlike the US bubble, the Chinese property bubble isn't founded on cheap credit, which makes the analyst hosting the show believe that it won't burst in the same way as American one.
China's housing bubble: ghost malls, ghost highrises, and ghost cities
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We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Spring is just around the corner,… READ THE REST
