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We have heard the glib predictions of doom. China is growing increasingly less competitive. Its wages are rising and innovation faltering, landing it squarely in the ‘middle income trap’ that afflicts emerging economies with rising costs as they try to move up the value chain. Though it has poured money into R&amp;D and modern equipment, productivity has stalle...
Vast expanses of unoccupied housing on the edges of China’s cities are testimony to the country’s spectacular economic growth and urbanisation. However, they also reveal the fundamental problems that China faces as its economy slows. These ‘ghost cities,’ as they have become known, represent a monumental challenge to policy makers, writes GIS guest expert Brendan O...