Chinese ghost towns prompt economic fears

Number of empty homes in China reaches 50 million as fears grow of a serious slump in the market.

    Property is the principle source of investment for most Chinese, who do not trust their banks or the stock market.

    But fears are growing of a serious slump in the market as about 50 million homes are empty.

    Al Jazeera's Adrian Brown reports from Ying Kou, where the property sector is still struggling five years after the bubble burst.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Strong quotes for Martin Luther King Jr Day

    Quotes from Martin Luther King Jr that resonate today

    Quotes of justice, education, religion and race said by MLK Jr.

    Bitcoin: Know the risks before you buy

    Bitcoin: All you need to know before you buy

    'Bitcoin is right now the riskiest investment you can make.' Here are the risks you should consider before you buy.