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

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.