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China's "Ghost Cities" in Pictures

Discussion in 'World Economy' started by Dublin 4, Feb 20, 2016.

  1. Tadhg Gaelach

    Tadhg Gaelach Legend Donator Battle Royale Political Irish

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  2. OP
    Dublin 4

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  3. The Boss

    The Boss Member Donator Battle Royale Political Irish

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    Doom Porn, just like the real thing, wipe yeself up afterwards.
     
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  4. OP
    Dublin 4

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    You need fact based Doom Porn to offset all this "Recovery" Gibberish...
     
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  5. OP
    Dublin 4

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  6. OP
    Dublin 4

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  7. OP
    Dublin 4

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  8. Una

    Una Member Donator Battle Royale Political Irish

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    Worst nightmare. Meixi Lake is just terrible, people Crammed into those towers, & smog all day long. Enough there to worry about at night, & with one child ban lifted, What will they do for Water, Energry, Food, in the future.
     
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  9. OP
    Dublin 4

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  14. OP
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  15. The Boss

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    This thread gives me a headache.
     
  16. OP
    Dublin 4

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    So you are a headache Junkie :confused:
     
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    Australia's banking system has been downgraded for the second time in a couple of weeks - this time not only the smaller banks have been downgraded, but the four major banks too. This comes on the heals of Chinese investors withdrawing from the Australian property market, after China enforced credit controls where Chinese citizens cannot take more then 50k US dollars out of China without government permission. The Chinese have already pumped 60 billion US dollars into the Australian property bubble.

    Credit rating agency Moody’s has downgraded Australia’s big four banks.

    Following Standard and Poor’s (S&P) decision to downgrade the credit ratings of 23 Australian financial institutions in May, Moody’s Investor Services has followed suit, lowering the ratings of 12 lenders on the back of what it describes as “elevated risks” in Australia’s household sector.

    Unlike S&P, Moody’s decided to downgrade not only smaller lenders, but also Australia’s largest banks.

    The group said that “risks associated with the housing market have risen sharply in recent years”, adding that Australia’s very high levels of household debt are “particularly concerning” given low income growth experienced in Australia over the past few years.


    Read more at MOODY'S DOWNGRADES AUSTRALIA'S MAJOR BANKS
     
  20. OP
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