| From Benzinga.com: In a massive, 9 digital page New York Times Magazine story on how China can "go consumer", there's a bit about the ridiculousness of their real estate market that I wanted to highlight. Regular readers know that I am alternately fascinated by and scared of the Chinese growth story - but it is the most important, market-moving story of our era.
One of the most frightening facets of the Chinese economy concerns their overbuilt real estate, specifically the runaway prices per square foot and the idea that there are ghost cities being built just for the sake of building...........................................Full Article: Source
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