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Video: Are China's ghost cities a bubble waiting to burst?

Video: Are China's ghost cities a bubble waiting to burst?


April 26, 2011

It's estimated that 10 new cities are being built in China every year, but many are virtually deserted. Retail space remains empty and hundreds of apartments are vacant. The Chinese government, however, is concerned with maintaining economic growth, and building cities is one way of achieving that goal.

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