Thursday, November 10, 2011

What China Is Doing With Its Money

A few weeks back, I provided the video of an Australian investigative program on the ghost cities of China. If that wasn't enough to concern investors about China's "growth" miracle, perhaps this will. Here are a few (yes, there's more here and here*) photos of the corporate headquarters recently built for state owned Harbin Pharmaceutical.

And these are the guys whom investors are relying on to provide capital for the Eurozone and save the world economy with middle class demand. Ghost cities and corporate palaces. Good luck with that.

*Note: For some reason, this second link no longer works.

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