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New satellite images show inside China’s ghost cities

China still has a startling number of vacant real-estate developments, judging from new satellite analysis by DigitalGlobe and Business Insider.

Chinese ghost cities have made headlines for nearly a decade, with huge new real-estate developments sitting mostly empty for years. Some see them as a sign China is heading for a real-estate crash. Others see them as just the typical style of urban expansion for a giant state-run economy.

While some ghost cities are reportedly filling in, the problem isn’t going away. A recent Baidu study of phone data gave clear evidence of 50 cities with areas of high read more >>>

Source : BusinessInsider.Com

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