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China's ubiquitous ghost cities - FT Alphaville (blog)

http://ftalphaville.ft.com/2012/11/26/1279513/chinas-ubiquitous-ghost-cities/

The ghost city issue in China, far from being about a few extreme cases like that of Ordos, is absolutely ubiquitous. The reason is that China's 'adolescent' property system (for example, there are virtually no property taxes) mean that local ...

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