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Dongguan Ghost Mall Haunts China’s Property Boom

Posted By Barry Ritholtz On January 12, 2011 @ 10:53 am In Real Estate,Video | Comments Disabled

Bloomberg’s Paul Allen reports from Dongguan, China on the New South China Mall, which has remained mostly vacant since it opened in 2005. Jim Chanos, the hedge-fund manager who was one of the first investors to foresee the 2001 collapse of Enron Corp., reiterated last month China is on a “treadmill to hell” because of a reliance on property development for economic growth.

(Source: Bloomberg)

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