Ordos, First Ghost Town Implodes, As China Crisis LoomsVW Staff
First, the coal industry, a pillar of this Mongolian city's economy, lost momentum. Then the bubble in the local real estate sector burst. Many buildings in the city are vacant at present, and now Ordos has a new nickname, "the ghost city."
Ordos in inner Mongolia has regularly been cited as the quintessential example . . .
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