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How Chinese Ghost Cities are the Ultimate Misallocation of Resources


There is a looming real estate bubble in China that could have disastrous consequences for the world's largest population and the global economy. The growing middle class and the government have invested so heavily in real estate that entire cities remain empty, while the rural populations moving into the cities for work are not able to afford to live in these new developments. Both a major use of natural resources and a destroyer of existing ecosystems, these developments are cause for concern.

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