How closely is demand for $3,000 handbags tied to home prices in China? Quite closely, it turns out, which is unfortunate for luxury brands. Europe’s luxury stocks have gained 15% on average ...
China still has a startling number of vacant real-estate developments, judging from new satellite analysis by DigitalGlobe and Business Insider. Chinese ghost cities have made headlines for nearly ...
In a new report titled Demystifying China's "Ghost Towns," Bank of America's Ting Lu explains why all the chatter on ghost cities is overblown and says while there are smaller bubbles, it is ...
An curved arrow pointing right. China's massive growth has given it a really weird problem: it has a bunch of empty cities. Produced by Zach Wasser Follow TI: On Facebook More from Tech China's ...
Meanwhile, China continues to build out new megacities much faster than they are filling up, resulting in “ghost cities,” where occupancy rates take years to rise.
An abandoned town of half-built villas in northeastern China has found a new ... these mega-developments can turn into ghost neighborhoods — or, worse, ghost cities. "They built an oversupply ...