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What's really funny is people thinking they are going to "move" hundreds of millions of rice farmers and peny per hour facgtory workers to quarter million dollar appartments by public policy and edict. Its just not possible. As that starts to happen, wages and prices will rise so harshly it will slam the door just as quickly as it opened it. We're already starting to see it in western market factory areas where wages are inflating dramatically to the point where even US and European businesses are starting to divert growth and existing capacity back home because the numbers just don't make sense anymore.
China is "red hot right now" just like Las Vegas and FL real estate was not that long ago here. A massive bubble that few want to see or allow themselves to see.
This ghost town info is very interesting. I just read an article that described them as more of a "still born" city opposed to a ghost town. China has been in the business of building cities since the 80's. Shenzhen is a prime example all in the name of economic stimulus. Originally Posted by gloopy
Ghost towns of China: Satellite images show cities lying completely deserted | Mail OnlineWhat's really funny is people thinking they are going to "move" hundreds of millions of rice farmers and peny per hour facgtory workers to quarter million dollar appartments by public policy and edict. Its just not possible. As that starts to happen, wages and prices will rise so harshly it will slam the door just as quickly as it opened it. We're already starting to see it in western market factory areas where wages are inflating dramatically to the point where even US and European businesses are starting to divert growth and existing capacity back home because the numbers just don't make sense anymore.
China is "red hot right now" just like Las Vegas and FL real estate was not that long ago here. A massive bubble that few want to see or allow themselves to see.
Despite these cities and the impending doom, I think we should be expanding into China. We should also be considering a global hub to compete with the likes of Emirates.