China Builds 27 Empty New York Cities

China Builds 27 Empty New York Cities
Skyline of Shenzhen in Guangdong Province, China, in this undated photo. Peter Parks/AFP/Getty Images
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Commentary

As of 2016, China’s empty apartment units could house New York City 27 times over.

James Dale Davidson
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James Dale Davidson is a highly acclaimed economist and financial forecaster who has cemented his legacy through his renown investment newsletter Strategic Investment, which has been in publication since 1987. One of Davidson’s biggest fans include billionaire Peter Thiel, who says Davidson inspired him to start PayPal and cited Davidson as “his favorite stock picker.”
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