Sunday, March 1, 2015

China's latest building boast is going bust.

China built a good portion of what they call a replica of Manhattan in Tianjin.

If only there were people occupying it...

Chinese cannot afford to consume what they produce and so the buildings just sit.  Billions will be wasted as these building fall into ruin.  When the Chinese property bubble finally lets go it is going to be a doozy.  Their real estate bubble is bigger than the US'.


No comments:

Post a Comment

Hi and welcome to my blog. Comments have been enabled for anyone with a google account.

Twitter Delicious Facebook Digg Stumbleupon Favorites More