What's Happening in China Right Now?

John Defterios: The legacy of what happened in china is going to have profound, long term consequences for the rest of the world. So how come the chinese got it so wrong? Well, many years ago, john i came up with this expression, ghost estates, right? And i remember it was coming i i was driving back from mao in two thousand and five, and i noticed all these estates hav been built in these tiny, little villages in the middle of nowhere. They'll never ever be lived in,. That's what happens in a property, the tail end of a property mania. People just throw up buildings all over the gaff without any real