Thanks to FAST MONEY on CNBC they had a very smart man Steve Roach on the show He said the 60 minutes show was very misleading China knows what they are doing. They have been growing for 30 years. They have a very aggressive social project for housing. They move vast amounts of people into these so called 9Ghost towns). When China ramps from the housing revenue you will understand true urbanization and whats going on.
I already mentioned Chanos and Roach in a Bloomberg video. Roach's idea's are based on the past 30 years, not
the present and going forward. Chanos made much more sense. unfortunately for you Delldudelives Xin doesn't
do social housing.They haven't moved anyone into the ghost towns, they can't afford what's there. If they are there,
it would be in slums on the outskirts of those ghost towns. Some of those ghost towns are at least 5 years old and
still sitting empty, and will continue to do so for another 5.