When Dateline visited China’s vast empty cities in 2011, it became one of our most popular stories ever with over three million views online.
So are the uninhabited towns now bustling with residents? And is the building of unwanted homes and businesses still continuing?
Adrian Brown returns to China for Dateline to answer those questions… and finds 20 new cities are taking shape in this year alone.
There’s already a near deserted replica of Paris complete with its own Eiffel Tower and Champs Elysees, while even levelling a range of 700 mountains can’t stand in the way of another vast new conurbation…all good urban forward planning or an economic bubble that’s about to burst? Here is a direct video link.
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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Danielle’s Book
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“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate while cutting through the clutter of information she knows every investor faces.”
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