I’ve long been a China skeptic because of things such as the ghost cities, but I must confess I never really considered the opportunity costs of their actions the way he highlights them here.

From the excellent Yichuan (Lulu) Wang

You all should be following him, or so it would seem to me. Here are excerpts from his post What China Could Be Building: The real risk is not that the housing won’t be used, but that the crash would…

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