2009 Investment in China's real estate as much as than the rest of the world combined?

[GRG55]

Re: 2009 Investment in China's real estate as much as than the rest of the world combined?

Further fuel for the China FIRE. :p

This is not how things were supposed to be when the $57-million airport opened in late 2007. Local officials were so confident that tourists would flock to this beautiful, mountainous county in southwestern China that they made the terminal big enough to accommodate 220,000 passengers annually, and built a runway capable of handling a 140-seat Boeing 737.

But only a few charters and budget carriers have established service here. A grand total of 151 people flew in and out of Libo last year.

http://www.latimes.com/business/la-f...524,full.story

One of the most overused phrases in Dubai over the past few years was "Supply creates its own demand". I think now we can pretty safely conclude that "Oversupply does not create perpetual excess demand".

Your post reminded me of this post by iTuliper jiimbergin