Al Jazeera has an interesting report about the town of Ordos, China, a bustling new metropolis in northern China where almost no one lives – because the vast majority of people who own property there are only doing so as investments.
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It isn’t the only one http://www.dailymail.co.uk/new.....erted.html
And you thought we had an overhang of unsold homes …
China’s “tulip bulbs”…
I’ve got a suspicion those ghost cities are being built with American money that flowed to China through the doors of Wal-Mart.
Is it time to rethink our obsessive spending on homeland security? That commie leftwing rag, Bloomberg Business Week, thinks so.
http://www.businessweek.com/ma.....age_2.html
good story, save for this is the wrong day to link to Al Jazeera and their 911 propaganda.
6 – Date of the post is 9/10 – Dumbon…
And Al-Jazeera is not a half-bad place for finding stories you don’t find elsewhere – this ghost cities story being one of them.
@6 Typical wingnut head up assery.
Ordos is the town where they make Checkers.
The ghost towns story has been making the rounds.
http://www.economywatch.com/ec.....22-08.html