House Prices Plunge in Chinese Ghost City

Could this be part of the reason the Shanghai was the only major index we track that was down last week?

(click here if video is not observable)

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2 Responses to House Prices Plunge in Chinese Ghost City

  1. Iska Waran says:

    Don’t tell idiot Tom Friedman. His entire worldview can be summed: “China good, US bad. China smart, US dumb.”

    http://trueslant.com/matttaibbi/2009/04/23/tom-friedman-strikes-again/

  2. Pingback: Timber! Home prices are crashing in China’s ‘ghost city’ | Business Insider | Financial Post

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