Chinese Real Estate Bubble on 60 Minutes

Here is the link to a Bloomberg story that contains a link to the “60 Minutes” story. We have been following the story of this bubble for a while but nothing makes something “real” as when it turns up on “60 Minutes.” Economist Stephen Roach says that the ghost cities will someday be “thriving metropolitan areas.” He may well be right, but the key question is what will happen between now and then.

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