{"id":152259,"date":"2013-03-04T10:24:42","date_gmt":"2013-03-04T18:24:42","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=152259"},"modified":"2013-03-16T02:30:59","modified_gmt":"2013-03-16T09:30:59","slug":"chinas-real-estate-bubble-and-hopes-for-democracy","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2013\/03\/chinas-real-estate-bubble-and-hopes-for-democracy\/","title":{"rendered":"China&#8217;s Real Estate Bubble, and Hopes for Democracy"},"content":{"rendered":"<p>For CBS&#8217; 60 Minutes, <a href=\"http:\/\/www.cbsnews.com\/video\/watch\/?id=50142079n\">Lesley Stahl visits China to investigate the &#8220;largest housing bubble in human history&#8221; <\/a>and explore ghost cities, such as Ordos, Inner Mongolia, and housing and shopping developments that have been built and left empty around the country:<\/p>\n<p><embed src=\"http:\/\/cnettv.cnet.com\/av\/video\/cbsnews\/atlantis2\/cbsnews_player_embed.swf\" scale=\"noscale\" salign=\"lt\" type=\"application\/x-shockwave-flash\" background=\"#333333\" width=\"425\" height=\"279\" allowFullScreen=\"true\" allowScriptAccess=\"always\" FlashVars=\"si=254&#038;&#038;contentValue=50142079&#038;shareUrl=http:\/\/www.cbsnews.com\/video\/watch\/?id=50142079n\" \/><\/p>\n<p>Stahl interviews developer Wang Shi who acknowledges that the bubble is &#8220;dangerous&#8221; and on the verge of bursting. In an accompanying Internet feature, Stahl also interviews real estate mogul Zhang Xin &#8212; the &#8220;richest self-made billionaire woman in the world&#8221; &#8212; who made waves not for her comments on the real estate market in China, but on democracy, made in the last minute of this clip:<\/p>\n<p><embed src=\"http:\/\/cnettv.cnet.com\/av\/video\/cbsnews\/atlantis2\/cbsnews_player_embed.swf\" scale=\"noscale\" salign=\"lt\" type=\"application\/x-shockwave-flash\" background=\"#333333\" width=\"425\" height=\"279\" allowFullScreen=\"true\" allowScriptAccess=\"always\" FlashVars=\"si=254&#038;&#038;contentValue=50142078&#038;shareUrl=http:\/\/www.cbsnews.com\/video\/watch\/?id=50142078n\" \/><\/p>\n<p>60 Minutes Overtime gives more background on Zhang&#8217;s comments and discusses her activity on <em>weibo<\/em>:<br \/>\n<embed src=\"http:\/\/cnettv.cnet.com\/av\/video\/cbsnews\/atlantis2\/cbsnews_player_embed.swf\" scale=\"noscale\" salign=\"lt\" type=\"application\/x-shockwave-flash\" background=\"#333333\" width=\"425\" height=\"279\" allowFullScreen=\"true\" allowScriptAccess=\"always\" FlashVars=\"si=254&#038;&#038;contentValue=50142042&#038;shareUrl=http:\/\/www.cbsnews.com\/8301-504803_162-57572227-10391709\/did-she-really-just-say-that-xin-on-democracy\/\" \/><\/p>\n<p><a href=\"http:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2013\/03\/shutterstock_96648988.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2013\/03\/shutterstock_96648988.jpg\" alt=\"shutterstock_96648988\" width=\"500\" height=\"334\" class=\"aligncenter size-full wp-image-152272\" srcset=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2013\/03\/shutterstock_96648988.jpg 500w, https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2013\/03\/shutterstock_96648988-300x200.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><br \/>\n[The SOHO Sanlitun office and shopping area, developed by Zhang Xin and her husband Pan Shiyi. Photo by <a href=\"http:\/\/www.shutterstock.com\/gallery-775801p1.html?cr=00&#038;pl=edit-00\">TonyV3112<\/a> \/ <a href=\"http:\/\/www.shutterstock.com\/?cr=00&#038;pl=edit-00\">Shutterstock.com<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For CBS&#8217; 60 Minutes, Lesley Stahl visits China to investigate the &#8220;largest housing bubble in human history&#8221; and explore ghost cities, such as Ordos, Inner Mongolia, and housing and shopping developments that have been built and left empty around the country: Stahl interviews developer Wang Shi who acknowledges that the bubble is &#8220;dangerous&#8221; and on [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,7,14744,14745,14746,100,5,38],"tags":[130,351,6809,1826,3050,1827],"class_list":["post-152259","post","type-post","status-publish","format-standard","hentry","category-economy","category-information-revolution","category-level-2-article","category-level-3-article","category-level-4-article","category-politics","category-society","category-the-great-divide","tag-democracy","tag-economic-development","tag-ordos","tag-pan-shiyi","tag-real-estate-bubble","tag-zhang-xin","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - 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