{"id":1905,"date":"2011-11-14T04:25:27","date_gmt":"2011-11-13T20:25:27","guid":{"rendered":"http:\/\/www.mdnphoto.com\/blog\/?p=1905"},"modified":"2020-09-23T15:21:32","modified_gmt":"2020-09-23T15:21:32","slug":"what-if-the-china-bubble-bursts-an-empty-chinese-metropolis-in-time-magazine","status":"publish","type":"post","link":"https:\/\/matthewniederhauser.com\/research\/2011\/11\/14\/what-if-the-china-bubble-bursts-an-empty-chinese-metropolis-in-time-magazine\/","title":{"rendered":"&#8220;What If the China Bubble Bursts?&#8221; &#8211; An Empty Chinese Metropolis in Time Magazine"},"content":{"rendered":"<p><a href=\"http:\/\/matthewniederhauser.com\/research\/wp-content\/uploads\/2011\/11\/20111017_time_magazine_mdnphoto_clipping_kangbaishi_development_megablock.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1907\" title=\"The Ordos Real Estate Bubble: An Empty Chinese Metropolis series in Time Magazine\" src=\"http:\/\/matthewniederhauser.com\/research\/wp-content\/uploads\/2011\/11\/20111017_time_magazine_mdnphoto_clipping_kangbaishi_development_megablock.jpg\" alt=\"The Ordos Real Estate Bubble: An Empty Chinese Metropolis series in Time Magazine\" width=\"950\" height=\"637\" \/><\/a><\/p>\n<div id=\"paragraph\">\n<p>I&#8217;m sorry I&#8217;m so late with posting these clippings, but I have been traveling a lot recently. Last month Time Magazine featured my photographs from <a title=\"The Ordos Real Estate Bubble: An Empty Chinese Metropolis - mdnphoto blog\" href=\"http:\/\/matthewniederhauser.com\/research\/2011\/09\/03\/the-ordos-real-estate-bubble-an-empty-chinese-metropolis\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Ordos Real Estate Bubble: An Empty Chinese Metropolis<\/a> series in a piece on China&#8217;s precarious real estate market. Property prices have been skyrocketing over the past three years thanks to mass speculation by developers and government support of infrastructure development. For some time it was easily one of the best investments in the country and people would camp out on streets in order to buy apartments in especially hot markets in Shanghai and Sanya. Now it seems like the tide is finally going to <a title=\"Government Policies Cool China\u2019s Real Estate Boom - New York Times\" href=\"http:\/\/www.nytimes.com\/2011\/11\/11\/business\/global\/government-policies-cool-china-real-estate-boom.html?partner=rssnyt&amp;emc=rss\" target=\"_blank\" rel=\"noopener noreferrer\">turn<\/a>. The real question is whether or not there is going to be a soft or hard landing for property prices. The China real estate sector <a title=\"Chinese Property: The Most Important Sector in the World - WSJ China Realtime Report\" href=\"http:\/\/blogs.wsj.com\/chinarealtime\/2011\/03\/16\/chinese-property-the-most-important-sector-in-the-world\/\" target=\"_blank\" rel=\"noopener noreferrer\">might be<\/a> most important financial market in the global economy, and a sudden pop would send international markets into a downward spiral. I don&#8217;t think this is going to happen, but people are starting to wake up and realize how overheated housing and commercial markets are in major urban centers. Many of these newfangled luxury developments remain empty and prices are starting to drop. It&#8217;s going to be interesting to see how this story unfolds over the next few months.<\/p>\n<\/div>\n<p><a href=\"http:\/\/matthewniederhauser.com\/research\/wp-content\/uploads\/2011\/11\/20111017_time_magazine_mdnphoto_clipping_kangbaishi_development_departmentstore.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1906\" title=\"The Ordos Real Estate Bubble: An Empty Chinese Metropolis series in Time Magazine\" src=\"http:\/\/matthewniederhauser.com\/research\/wp-content\/uploads\/2011\/11\/20111017_time_magazine_mdnphoto_clipping_kangbaishi_development_departmentstore.jpg\" alt=\"The Ordos Real Estate Bubble: An Empty Chinese Metropolis series in Time Magazine\" width=\"950\" height=\"672\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m sorry I&#8217;m so late with posting these clippings, but I have been traveling a lot recently. Last month Time Magazine featured my photographs from The Ordos Real Estate Bubble: An Empty Chinese Metropolis series in a piece on China&#8217;s precarious real estate market. Property prices have been skyrocketing over the past three years thanks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[56,79,88,124,141,230,302,324],"class_list":["post-1905","post","type-post","status-publish","format-standard","hentry","category-clippings_category","tag-bubble","tag-china","tag-clipping","tag-development","tag-economics","tag-kangbashi","tag-ordos","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/posts\/1905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/comments?post=1905"}],"version-history":[{"count":1,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/posts\/1905\/revisions"}],"predecessor-version":[{"id":3137,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/posts\/1905\/revisions\/3137"}],"wp:attachment":[{"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/media?parent=1905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/categories?post=1905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/matthewniederhauser.com\/research\/wp-json\/wp\/v2\/tags?post=1905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}