WHEN “60 Minutes”, an American television news programme, visited a new district in the metropolis of Zhengzhou in 2013, it made it the poster-child for China’s property bubble. “We found what they call a ghost city,” said Lesley Stahl, the host. “Uninhabited for miles and miles and miles and miles.” Two years on, she would not be able to say the same. The empty streets where she stood have a steady stream of cars. Workers saunter out of offices at lunchtime. Laundry hangs in the windows of the subdivisions.
http://www.economist.com/news/brief...-it-be-soft-or-hard-landing-coming-down-earth
http://www.economist.com/news/brief...-it-be-soft-or-hard-landing-coming-down-earth