Good article via the WSJ:
"Pretty much everybody has been bullish on the prospects for Chinese growth for about as long as we can remember. The sentiment in the markets seems pretty much uniform: “Yeah, they have some short term issues with getting their inflation under control, but the longer term growth path is pretty evident.” Not so fast, says Nouriel Roubini:
The video above is from the Australian news magazine Dateline, showcasing some of the “ghostmalls,” “ghost-highrises” and “ghost towns,” that are the product of China’s booming economy. We can’t help but wonder when/how this is going to become a worry for the market. "