Quotulatiousness

April 17, 2011

China’s real estate bubble

Filed under: China, Economics, Government — Tags: , , , — Nicholas @ 09:24

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2 Comments

  1. That was interesting. Too bad that the reporter didn’t make it more clear that the driver behind all of this is the government and not private investment. I mean who but a government could build in such a huge scale and leave it all empty like that? A real economy has investors building items and then gaining income from the buildings, you would think that the government would be smart enough to at least rent out the empty condos recouping a little bit of the money it took to make them.

    Comment by Dwayne — April 17, 2011 @ 12:53

  2. It was an Australian broadcast . . . the Aussie media can make Canadian media look like they’re to the right of Fox News. Under the circumstances, it was a very pro-free-market report.

    Comment by Nicholas — April 18, 2011 @ 11:56

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