China's phony construction boom

[Something completely different]

With the massive amount of financial resources China has gained, the central goverment has financed various housing projects throughout the country (housing being a big issue in China). Yet a lack of understanding for urban development and the free market has lead to a number of rather big failures of investment all throughout the country. Espacialy in housing various ghost cities have been built throughout the country. The central goverment also invested in various project building malls and "tourist attractions" all throughout the country in the belief that it can guide urbanisation and the Chinese market towards making those projects profitable.

This is an Australian documentary on the subject:

http://www.youtube.com/watch?v=GpnoPhY1f70