Is China Building Homes or Ghost Towns?

Friday 14 June 2013

Above is an interesting video report shown on CNBC today, looking at whether China’s massive apartment building spree is sustainable.

While you are watching it, imagine the millions of tonnes of Australian iron ore used in the construction (see next chart) and then imagine what would happen if/when construction slows, as it surely must.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.