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China’s ghost cities – Chinese find out the hard way that “if you build it they will come” does not always apply

Vacant Chinese Ghost City

One of the hottest economies in the world belongs to the Chinese and within their economy, one of the hottest markets is real estate.  Or so they thought.  Chinese commercial developers have built miles and miles of commercial and residential properties that have gone unused and remain vacant in eerie, empty cities.  At a growth rate of over 20 new cities per year, the oversupply of housing continues as city after city full of empty streets and vast government buildings sits waiting for the Chinese citizens to arrive.  The problem however, is the Chinese economy unexpectedly slowed and currency manipulations left citizens unable to afford the new housing which leaves us with the following pictures that look like they came straight out a “The Walking Dead” movie set.