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Alexandra Bruce
September 9, 2011
Al Jazeera’s Melissa Chan reports from the wealthy coal-mining town of Ordos in Inner Mongolia, originally designed to house one million people, yet hardly anyone lives here.
Looking like perfect California subdivisions and with fully-furnished homes, thre’s no denying a certain spookiness about these ghost cities, which have been built all over China.
Economists explain that, due to the inflation of the Chinese Renminbi (Yuan), investors see the hard assets represented by the real estate of these ghost cities as a safe bet to place their money.
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