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RE: The MASSIVE Construction Boom in China!
Pretty ironic given the flood of Chinese money flowing into real estate in the US and Australia. Many of the Chinese investors are using off shore real estate as a currency hedge.
None the less, China developing at such a rapid pace is truly impressive. It will be interesting to see how they manage the unforeseen issues of urbanization such as overloaded sewage systems and fresh water. Would not be surprised to see water treatment being a big industry in China in the very near future.
They are already facing these problems. They want to create artifical rivers that divert water in the south of China to the more industrial north which is facing water shortages. They had problems with sewage systems as well because the pipes were too narrow and the roads stunk up the place. They seem to be fixing these problems.
China has a lot of pollution but they are the largest producer of renewable energy as well. Most apartments have solar powered water heaters for instance.