60 Minutes does China’s property bubble

Monday 4 March 2013

Find below an entertaining video from the US 60 Minutes program (h/t Gunnamatta) on China’s ghost cities. It’s actually pretty good, though not terribly encouraging for Australia. If you ever wondered how Australia got so rich on the most commonly available commodities known to man, this will give you a good idea.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.