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Let's not get too carried away in this thread. Ordos City's issue isn't that it's empty; it's that it has a severely underused district built by the government. The population of the city is 1.5 million.
I was reading recently how the average savings rate in China is 30%. Compare that to North America, which is at...I don't know, around 0%, if it's not negative by now.
Plus the Chinese government has recently moved toward measures to cool off the economy in fear of it being too overheated (surprised?).
Some are predicting a bubble, sure, but others are saying that it can be avoided if China plays its cards right.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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