Could This GINORMOUS Mall Symbolize China's Bursting Real Estate Bubble?

[tomm2thumbs]

Over 20 Million Square Feet -- could hold 20 Sydney Opera Houses -- and from the looks of the report, few people shopping the already-open stores
________

and a report from 60 Minutes to put this kind of construction in perspective...

China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history. Lesley Stahl reports 2013.

[get the red out]

1. Good to see

Fail China, FAIL!!!!!!!!!

[Darb]

7. That's an incredibly stupid point of view.

If you think a crash in China will not kick your own ass then you are sadly mistaken. It will mean complete global upheaval. Now, I am sure you have a bulwark against a Super Great Recession, but why you would be joyful to begin your prepper/hoarder lifestyle I am not so sure.

Your statement was bigoted at the least.

[get the red out]

8. Sorry that your

Wheaties were pissed in this morning.

[daleanime]

2. Definitely a unique problem.

[KoKo]

3. Some of us have wondered about that for a long time.....they still are holding it together.....

BUT! Given the Global Financial Network...they might hold on longer than we would think they could. DU's own "Stock Market Watch" Group has long posted about the Chinese Real Estate Bubble....but, they hedge their bets by buying in American Real Estate (as the Japanese did years ago when Clinton was running) and Japanese crashed and burned on that investment...and Now China is buying up Prime Real Estate all over the USA and even buying up our Agriculture with their purchase of North Carolina's Smithfield (local owned) Pork and Chicken Processing. And, probably other deals in the works. Should be interesting to watch...but, not for our employees in states where China Comes In and the People are unaware because MSM does little reporting on this except the Financial News and that's pretty much for the Elite Viewer or those here who have businesses dependent on "International News."

WHO KNOWS?

Thanks for the post.

[jtuck004]

4. Crazy people. Not like us, where we build massive shopping centers, fill them with people, and

then let bank$ter/donors destroy millions of lives for profit, bringing an ongoing tragedy to tens of millions of people.

Because we are so much smarter.

Gotta love the fuckwads that disseminate schlock like this, that want to paint China as terrible so badly they will walk on any American to do so.

[passiveporcupine]

5. That second video is pretty scary.

What happens to us if China's bubble bursts? They own so much of us now. I'm not sure this is going to turn out in our favor.

[Spitfire of ATJ]

6. How much of this was funded by cheap junk sold in Walmart?