Business Insider -
4 Mar 2013 03:26

We have written about China's ghost towns - neighborhoods with massive new buildings inhabited by no people. Many see this as the clear evidence of overbuilding and a housing bubble. Some economists, like Yale's Stephen Roach has however said that China's modernization is "the greatest urbanization story the world has ever seen" and that these ghost cities will soon become "thriving metropolitan areas." But with no one moving in to these town for months and years, even the builders are convi...
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