Tell me how the world is fucked by central planning and billionaire making communistic capitalists.
There are an estimated 64 million vacant recently built apartments in China!
It makes the US and in particular Detroit the picture of sobriety. Imagine all this housing; the electrical and plumbing, the upkeep on that chunk of unused property, the amount of copper and concrete wasted on unaffordable housing for the people who built them. It makes Henry Ford look a little wiser in hindsight.
So China is really putting up a false picture of a successful economy like in the old days of Chairman Mao, bloating the GDP as well as not providing the access to housing to its population.
http://www.youtube.com/watch?v=wm7rO...layer_embedded
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