China’s economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585 billion. But doubts remain whether such strong growth can be sustained by public spending alone. Al Jazeera’s Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty.

Source: YouTube, November 10, 2009.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)
Andy Xie on China’s Empty Apartments (naked capitalism, 8/4/10)
What the Heck Is Going on in China? (Contrarian Profits, 9/15/09)
What the Chinese Are Buying and How to Own it First (Contrarian Profits, 8/26/09)
Read more on Investing in China, Stimulus Package at Wikinvest

The Financial Ad Trader
The Financial Ad Trader - banner ads

 Email  Digg  Del.icio.us  Technorati  Stumble  Reddit  Facebook