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China's Ghost Cities... Are Multiplying

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http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities-are-multiplying

The fact that China has an unprecedented excess capacity glut, also known as an epic overinvestment/construction bubble, is by now well-known and acknowledged by even the most ardent Chinaphiles. Perhaps nowhere is China's outlier nature in this regard more obvious than in the following chart showing per capita cement consumption vs GDP.

China%20Cement_0.jpg

More at the link.

Still it all counts to GDP and China has a huge population that can't afford to move in.... What could possible go wrong.

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Yeah...I guess the yanks are low as everything they make is made from 'lumber'?

and the Uk most builds involve some bricks (and houses are quire small?)

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Yeah...I guess the yanks are low as everything they make is made from 'lumber'?

Housing, yes, that must have an impact (same in Canada). For big construction though, which is where I assume most concrete goes, I don't think that would make any difference.

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That's a very ambiguous chart. Britain typical construction for housing is bricks and timber joist floors. Almost no concrete needed apart from ground floor slabs if used.

Infrastructure projects and roads are different story as plenty of concrete used in piles, structure, concrete pavement etc.

As example lets take Bulgaria. The houses there are by code (earthquakes etc) mostly reinforced concrete frames and slabs, infilled with bricks. The new built block of flats are mostly reinforced concrete. So the consumption there (was) high.

Same (i suppose) for Greece which is earthquake prone.

Now, if the councils were not so objectionable on the paved driveways...

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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