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Is this the end of China's economic bubble?

Drachen_Jager says...

@mentality

It is really hard to say exactly where the figures come from. The 64.5 million 'empty' figure is the supposed number of apartments which registered zero power consumption according to a leaked report. China's power company denies that, but then of course they would, whether it's true or not.

Just one city with 9 million vacant homes! There's another that's built for 2.5 million which is empty except for construction workers and a few shopkeepers and such to support them in Tibet. I've seen a slideshow of the empty cities in China, it's pretty scary. You don't have to add too many empty apartments in cities with actual populations, like Beijing, to get up to 64 million.

I am not certain that any of those numbers are true. Who can be with China's tight grip on such information. But I believe it. I have seen enough evidence that I have little doubt. 64 million is probably a lowball estimate.

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