<p>I found last nights 60 minutes feature on China fascinating. They have built entire cities which are ghost towns as no one has come forward to live and do business there.</p>
<p><a href=“https://www.youtube.com/watch?v=ei0FpwI1dqg”>https://www.youtube.com/watch?v=ei0FpwI1dqg</a></p>
<p>lets see if this link works.</p>
<p>It was an interesting segment. I saw it about a year and a half ago.</p>
<p>wow, am I out of the loop. Thanks alwaysamom. :)</p>
<p>Yes, there are absolutely tremendous adventures in building going on. But contrast this with the same stuff going on in the Middle East, where massive construction is underway on 4 whole new cities in Saudi Arabia alone. China has a lot more people and a massive economy that’s hasn’t yet developed a complete internal market. Saudi Arabia, by contrast, has 29 million people and not enough jobs for those (with many people, particularly the young, receiving money). I assume China will have its ups and downs but 1+billion people can fill a lot of houses, particularly when you realize hundreds of millions live in absurdly poor housing now (with millions living in “caves”).</p>