The linked article is one of the most informative analyses of China's real-estate-investment stats as to whether or not they should be trusted as reported in the mainstream Chinese and world news media.
It's important because so much of the global economy is counting Chinese growth to support the world. If China is grossly overvalued due to a huge real estate bubble, it indicates that others need to focus more on reforming their own economies to get the ball rolling again and to keep it going while not falling into the accounting errors China is still making.
Read the article (registration may be required; worth it): China’s ubiquitous ghost cities | FT Alphaville.
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