I have a history of decrying China being the boogeyman waiting to destroy America. One of my points has been that China lacks the financial clout to do such a thing. I frequently talk about the government control of their currency, the runaway food costs and the third world country that anything that isn’t the cities is in China. Two more reasons has been brought to light:
1. Overinflated housing costs
2. Ghost towns
China is attempting to misrepresent the strength of their economy by inflating the costs of homes, were China not communist they would be experiencing the same financial downturn that America is currently. The product of this is ghost towns. Whole swaths of built and unoccupied homes since the economy is poor no one can afford to move.
Would you like to learn more?
http://www.dailymail.co.uk/news/article-1339536/Ghost-towns-China-Satellite-images-cities-lying-completely-deserted.html
1. Overinflated housing costs
2. Ghost towns
China is attempting to misrepresent the strength of their economy by inflating the costs of homes, were China not communist they would be experiencing the same financial downturn that America is currently. The product of this is ghost towns. Whole swaths of built and unoccupied homes since the economy is poor no one can afford to move.
Would you like to learn more?
http://www.dailymail.co.uk/news/article-1339536/Ghost-towns-China-Satellite-images-cities-lying-completely-deserted.html
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