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China's Ghost Cities

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Published by ExposedThought in Society
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A recent boom in China's construction over the last few years has resulted in vast cities being built at a rate of ten a year. This being said though, most remain uninhabited ghost towns. It's estimated there are 64 million empty apartments in China today. All this appears to be an attempt by the Chinese government to meet their GDP targets. This has the makings of a property bubble far greater than the one seen in America.

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