I saw this in a linkedin group I belong to. It is an interesting story from the Daily Mail with some OK pictures on empty cities in China. Also doom and gloom about the housing bubble in China. In brief the story suggest that housing is over valued by 50-70 percent and a crash will leave China like Japan in the 90s. I can not vouch for any numbers or predictions. But there are indeed many empty developments which at the very lest shows the flip side of too much command and contral in city planning. The US has tremendous regulations and government influence on cities but this is mostly local and state. Government actions often is controlled by NIMBY’s and developers rather than planned.