The first 1:15 is background. The Ordos City video comes after that. Apparently the houses of the empty city have been bought by speculators hoping that a greater fool happens along so that they can dump them but its starting to look like the greatest fools already own the places. Once credit is cut off in China they will have to sell these at a huge loss:
World’s largest shopping mall (Chinese ad for it called it a “consumption center”) stands empty since 2005. Just another example of credit driven malinvestment described by Austrian economics:
Hugh Hendry points out empty Chinese skyscrapers.
Add it all up and it suggests that China’s GDP numbers are fake, credit driven and destined to collapse.
