Follow up – China’s Building Boom and the Debt Of State Owned Investment Corporations
China’s Building Boom May be Coming to Earth Nov 2011 (Reuters) – The monumental, neo-Mongolian sculptures, empty plazas and hulking concrete shells of buildings in Ordos district, deep in the steppes of Inner Mongolia, are a potent symbol of how China’s property boom can turn to bust. Off the back of a thriving coal industry,…