^ 'Empty new apartments in Pudong' - Ryan M Mclaughlin- flickr/cc license
Properties in China's major cities are overvalued up to 70% according to Chinese think-tanks. This exceeds the 63% overvalue of American homes that led to the current Real Estate crisis, and comes only days after another report claimed only a 30% overvalue in China.
The grand developments and architectural feats that China once boasted of are standing empty all across the continent, just as I predicted two years ago.
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