Thursday, September 23, 2010

The Future of Property


Here's an amazing slideshow of Chongqing, the largest city that you've never heard of.  And here's an excerpt of a Foreign Policy article on the changes in China' western region:

These are good times indeed for Chongqing, home to 32 million people and growing so quickly its maps are already out of date by the time they are printed. ... In Chongqing's northern New District today, it is possible to drive for more than half an hour past high-rises of 30 to 50 stories, block upon block, where five years ago there were only fields. In 1998, Chongqing had a GDP of just $21 billion; by 2009 it had quadrupled to $86 billion. Last year, Chongqing's GDP grew at an eye-popping 14.9 percent, nearly twice the impressive growth rate of China as a whole. How did this happen?

Steve Clowney

(photo used under creative commons license)

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I've been to Chongking. The building booms in China are amazing (not sure if a good or bad thing...)

Posted by: Andrea Boyack | Oct 7, 2010 9:51:35 PM

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