Sunday, September 11, 2011

Empty China

This is a followup post to the issue of Empty China and Exploding China.

From: AlJazeeraEnglish | Sep 9, 2011

Despite high inflation levels, China's economy is the world's second largest.

And as it continues to grow, so too do the building projects. Investors see them as a safe bet to place their money.

Al Jazeera's Melissa Chan has this report from Ordos, a wealthy coal-mining town in Inner Mongolia, originally designed to house one million people, yet hardly anyone lives there

From: Euronews | Sep 9, 2011

Inflation in China pulled back in August. It was 6.2 percent compared with the same month last year. In July it reach a three-year high of 6.5 percent.

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