The miracle of central planning! This is what happens when the government thinks it can control an economy better than the free markets. (Hint for you liberals - talking 'bout you) Well; at least we don't have to worry about the Chinese taking over if (when) the US economy spirals into the toilet. They are on the verge of a massive bubble collapse as it is. If we go down, we take them with us.....and Europe, and Mexico, Canada, South America....pretty much the whole world goes into the swirl with us. Even if China makes it past this impending housing collapse, they've got an even bigger demographic time bomb ticking away. They have an aging population that has grown accustomed to their new-found wealth. In twenty or thirty years when they want to retire and have all the benefits promised to those in a collectivist society, they are going to have a rude awakening. China's single child policy means that there won't be enough young workers to pay for all the old pensioners. Additionally, because the Chinese have been aborting female babies like it's going out of style, they will have a surplus of young, angry, unmarried males who can't find a woman and have their parents expecting them to pay for their retirement. That sounds like the recipe for civil unrest.
http://www.businessinsider.com/60-minutes-chinas-ghost-cities-2013-3?fb_action_ids=543627778993091&fb_action_types=og.recommends&fb_source=aggregation&fb_aggregation_id=288381481237582
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