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  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos121.jpg
  • The Chinese character "Cun", or village, stands in the night in Kangbashi New District of Ordos City, Inner Mongolia, China on 92 July, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos092.jpg
  • A team of workers, most of them just loitering, drills a hole in the stair case of the central plaza over looking Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos012.jpg
  • A man works at the site of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos109.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos075.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos128.jpg
  • A view of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos102.jpg
  • A man waters the flowers decorating a bridge leading into Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos066.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos055.jpg
  • Visitors, mostly curious tourists, walk down a flight of neon lit stairs near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos048.jpg
  • A sign welcomes visitors to the Asia Statutory Art Theme Park in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos025.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos119.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos089.jpg
  • Flowers and young saplins planted in a garden in the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos069.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos045.jpg
  • A few visitors and cleaning staff walk in the central plaza over looking Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos007.jpg
  • A woman and her child walks down a newly built road  near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos103.jpg
  • A woman and her child walks down a newly built road  near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos104.jpg
  • A man walks past the slick Ordos Museum during night in Kangbashi New District of Ordos City, Inner Mongolia, China on 92 July, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos096.jpg
  • A view of the slick Ordos Museum seen in the night in Kangbashi New District of Ordos City, Inner Mongolia, China on 92 July, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos095.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos065.jpg
  • A evening view of newly built apartment buildings across the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos058.jpg
  • Visitors, mostly curious tourists, walk down a flight of neon lit stairs near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos044.jpg
  • A new bridge and road leading into the surrounding desert near Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos038.jpg
  • Empty electric buggies wait for customers in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos019.jpg
  • Empty electric buggies wait for customers in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos018 1.jpg
  • A few visitors and cleaning staff walk in the central plaza over looking Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos004.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos144.jpg
  • Workers uproot indigenous desert plants to make room for a new flower bed close to a densely built residential apartment development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos132.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos074.jpg
  • A man works at the site of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos021.jpg
  • A team of workers, most of them just loitering, drills a hole in the stair case of the central plaza over looking Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos014.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos123.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos117.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos105.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos083.jpg
  • Workers put up a new sheet metal wall signaling yet another real estate development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos063.jpg
  • Workers put up a new sheet metal wall signaling yet another real estate development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos060.jpg
  • Visitors, mostly curious tourists, walk down a flight of neon lit stairs near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos052.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos043.jpg
  • A small police buggy drives past a large TV screen while patrolling otherwise empty streets in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos033.jpg
  • Empty electric buggies wait for customers in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos018.jpg
  • Cell phone numbers advertising construction equipment and material rental decorate a wall surrounding a densely built residential apartment development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos127.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos114.jpg
  • A child peeks out a parked car in the night in Kangbashi New District of Ordos City, Inner Mongolia, China on 92 July, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos094.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos088.jpg
  • A long stall offers snacks to visitors near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos067.jpg
  • New apartments line an otherwise empty street in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos036.jpg
  • A man sweeps a newly built road leading towards a luxury housing develpment near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos026.jpg
  • A man works at the site of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos108.jpg
  • A view of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos099.jpg
  • A police officer walks past a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos091.jpg
  • Visitors, mostly curious tourists, sit on a flight of neon lit stairs near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos080.jpg
  • Workers put up a new sheet metal wall signaling yet another real estate development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos057.jpg
  • New apartments line an otherwise empty street in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos040.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos140.jpg
  • Two riders carry a piece of construction material into Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos070.jpg
  • Workers uproot indigenous desert plants to make room for a new flower bed close to a densely built residential apartment development near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos131.jpg
  • A view of densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos120.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos071.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos064.jpg
  • Gardeners tend to the lawn in the grandly named Asia Statuary Art Theme Park in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos023.jpg
  • A man walks down a newly built road  near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos016.jpg
  • A man walks past at the site of a new luxury housing development being built in the middle of the dessert near the Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos110.jpg
  • Visitors, mostly curious tourists and migrant workers, watch a grand lights and fountain show near the artificial lake in Kangbashi New District of Ordos City, Inner Mongolia, China on 16 August, 2011. With an investment of over 161billion USD from the local government and revenue from the region's rich coal deposits, enough buildings have risen on the site of an old desert village to hold at least 300,000 residents, complete with ultra modern facilities and grand plazas. The district however is less than 10% occupied, dubbed the "ghost city", Kangbashi epitomizes China's real estate bubble and dangers in mindless investment fueled economic  growth. In 2011, the real estate price of Ordos city has dropped over 70%.
    QS110816Ordos062.jpg
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