CHINA-ECONOMY: 'GHOST' APARTMENTS
Professor Gan Li of Chengdu’s Southwestern University of Finance and Economics said a nationwide study on November 9, which is soon to be published, will show roughly 22 percent of China’s urban housing stock is unoccupied. He said that adds up to more than 50 million empty homes. He added “There’s no other single country with such a high vacancy rate.”
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