3. Watch: China’s ghost cities and ghost malls!

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China’s housing bubble: ghost malls, ghost

highrises, and ghost cities

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Cory Doctorow

 Apr 18, 2011

Here’s an Australian TV documentary about China’s housing bubble which has given rise of bizarre ghost malls, ghost highrises, and even ghost cities. It’s symptomatic of the growing divide between China’s rich and poor, which has left many Chinese without adequate housing. Unlike the US bubble, the Chinese property bubble isn’t founded on cheap credit, which makes the analyst hosting the show believe that it won’t burst in the same way as American one.

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Housing in Shanghai

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