If you
visit Tianducheng, a day trip from Shanghai in China 's Zhejiang
province, you will be confronted by a 354-foot replica of the Eiffel tower.
Development
on this Paris replica in China began in
2007, but local media say it is a ghost town now.
Everyone
points to China 's ghost
towns as proof of a malaise in China 's
property sector.
But some,
like Stephen Roach, former chairman of Morgan Stanley Asia have argued that
these cities will become "thriving metropolitan areas" as China continues
to urbanize.
What's
truly quirky about these ghost towns though is that some of them have been
designed as replicas of Italian, German, English, and French towns.
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