Richard Silk, In China, ’90s Housing Is Already Vintage. China Real Time, Mar 21, 2014
blogs.wsj.com/chinarealtime/2014/03/21/in-china-90s-housing-is-already-vintage/
(around 85% of US housing was built before the new millennium. The figure for China--in URBAN areas only, excluding countryside--is estimated by Nomura to be 22%, and by Thomas Gatley of Gavekal Dragonomics, a research firm, 26%)
Quote: "China has several thousand years of history, but there’s little sign of it walking round most Chinese cities today. A furious succession of wars, revolutions and natural disasters has left the country with little in the way of historic buildings, and much of what survived into the 21st century has been summarily demolished to make way for row after row of gleaming new apartment blocks.
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