China's 'Rent-a-Foreigner' Real Estate Tactic

China's 'Rent-a-Foreigner' Real Estate Tactic

In China, it’s hard to find a city that has not built ambitious new districts on its rural periphery. But overbuilding has led to ghost towns: Towering rows of luxury apartments sit completely empty, especially in smaller cities in China’s hinterlands. The lifeless streets seem to contradict official claims that these new developments will become booming, globalized cities.

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