A strange China story: Empty buildings and a ghost town

Is China a Lehman multiplied, waiting to collapse?

Hugh Hendry thinks so.

Mr Hendry is a Scottish hedge fund manager in London who has become something of a celebrity for his unconventional and outspoken opinions.

Mr Hendry is convinced that China is a growing property bubble, and claims the Chinese authorities are pumping money in to unnecessary construction projects to fuel growth.

Image: The New South China Mall, the largest mall in the world based on gross leasable area, has been 99 per cent vacant since its opening in 2005..

Text: Arjun Lahiri, Business Standard

Image Courtesy: Wikimedia Commons

Also see: A month of milestones for China