Tag Archives: Housing bubble

The Chinese Miracle

By | 31/05/2011

There are over 64 million empty apartments in China. There are numerous Ghost cities. 64 million apartments should populate 180 million people. If you take the current Chinese population of 1.3 billion people, this means that current vacant apartment accounts for 13% of the population. The current population growth in china is around 0.5% per annum, which… Read More »