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- Photo of Shenzhen by [Robert Bye](https://unsplash.com/photos/CoGRK1vlQHs?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/search/photos/shenzhen%2C-china?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)
- Wedding photo used with permission from: https://www.hongkongfp.com/2015/07/07/hallsatt-an-austrian-town-in-china-where-no-one-is-home/
- China’s Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle By Dinny McMahon
- Ghost Cities of China: The Story of Cities without People in the World’s Most Populated Country By Wade Shepard
- https://fred.stlouisfed.org/series/PCPI06037
- https://www.scmp.com/business/article/2139969/skyrocketing-home-prices-keep-hongkongers-living-shenzhen-moving-back-city
- https://www.card.iastate.edu/ag_policy_review/article/?a=78
- https://www.theguardian.com/environment/2014/jun/04/scientists-warn-against-chinas-plan-to-flatten-over-700-mountains
- https://www.statista.com/statistics/730312/most-expensive-property-markets-worldwide-by-average-ppsf/
- http://www.wikiwand.com/en/Luodian,_Shanghai
- https://www.scmp.com/business/china-business/article/2111891/salaries-chinas-shenzhen-rise-highest-earners-still-make-10
- https://www.aeaweb.org/conference/2016/retrieve.php?pdfid=286
- https://qz.com/631271/china-needs-its-low-income-migrant-workers-to-buy-new-homes-and-save-its-economy/
- https://scholar.harvard.edu/files/weihuang/files/chinaboom_final.pdf
- https://data.oecd.org/hha/household-savings.htm
- https://www.citymetric.com/skylines/half-houses-will-be-demolished-within-20-years-disposable-cities-china-1470
- https://mobile.reuters.com/article/amp/idUSKBN18K04Q?__twitter_impression=true
- http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html
- https://www.foreignaffairs.com/articles/china/2015-04-20/chinas-dangerous-debt
- https://www.bloomberg.com/news/articles/2018-02-08/sizing-up-china-s-debt-bubble-bloomberg-economics
- https://www.bloomberg.com/graphics/2016-china-debt/
- https://www.bloomberg.com/quicktake/chinas-debt-bomb
- https://blogs.wsj.com/chinarealtime/2013/07/29/china-is-going-to-be-just-fine-says-justin-lin/
- https://www.forbes.com/sites/douglasbulloch/2018/05/31/while-china-is-facing-its-own-debt-crisis-it-is-also-exacerbating-others/#352cbfb93fc3
- https://www.investopedia.com/articles/investing/091515/chinas-economic-collapse-good-us.asp
- https://www.ft.com/content/389a92c2-e738-11e8-8a85-04b8afea6ea3
- https://www.bloomberg.com/news/articles/2018-11-08/a-fifth-of-china-s-homes-are-empty-that-s-50-million-apartments
- https://www.wired.com/2016/02/kai-caemmerer-unborn-cities/
- https://www.businessinsider.com/heres-chinas-big-plan-to-move-a-population-the-size-of-the-phillippines-from-farms-to-cities-2015-7
- https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186
- https://www.stratfor.com/sites/default/files/China-Leading-the-Way-to-a-New-World-Order.pdf
- http://fortune.com/2016/02/10/china-housing-market-mortgage-down-payment/
- http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/11.stm
- https://fas.org/sgp/crs/row/R41007.pdf
- https://foreignpolicy.com/2017/01/19/the-paradox-at-the-heart-of-chinas-property-regime-wenzhou-lease-renewal-problems/
- https://www.economist.com/business/2011/07/07/who-owns-what
- https://www.bloomberg.com/news/articles/2018-02-01/china-s-2015-gdp-puffed-up-by-fake-economic-data-analysis-shows
- https://www.strangemarkets.com/chinese-lgfv-bonds-the-next-great-default/
- https://www.law.columbia.edu/parker-school/chinese-state-capitalism-workshop/papers/quench-thirst-poison-local-government-financing-vehicles-past-present-and-future-liao-fan
- https://www.bloombergquint.com/global-economics/china-s-lgfv-bonds-smoking-hot-for-private-bankers#gs.kcY3BPk
- https://edition.cnn.com/2013/11/07/business/china-property-bubble
- https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes/#59e1801ca3ce
- https://www.thenational.ae/business/property/chinese-property-surge-leads-some-cities-to-ban-multiple-home-ownership-1.153392
- https://www.reuters.com/article/us-china-property/four-cities-in-china-move-to-restrict-property-purchases-idUSKCN1220EJ
- http://blogs.reuters.com/great-debate/2015/04/21/the-myth-of-chinas-ghost-cities/
- https://www.nytimes.com/2015/03/06/t-magazine/ordos-china-tourist-city.html
- https://business.financialpost.com/real-estate/vancouvers-hot-housing-market-gets-tougher-for-wealthy-chinese-2
- https://www.bloomberg.com/opinion/articles/2018-06-24/why-china-can-t-fix-its-housing-bubble
- http://www.globaltimes.cn/content/916007.shtml
- https://tradingeconomics.com/country-list/home-ownership-rate
- https://data.oecd.org/hha/household-savings.htm
- https://www.investopedia.com/articles/investing/091814/basics-chinas-real-estate-industry.asp
- https://ftalphaville.ft.com/2018/07/19/1532000702000/Chinese-real-estate--chartered/
- https://www.vagabondjourney.com/5-chinese-ghost-cities-came-alive/
- https://www.forbes.com/sites/wadeshepard/2018/03/19/ghost-towns-or-boomtowns-what-new-cities-really-become/#6ed76c6c5e3f
- https://www.forbes.com/sites/wadeshepard/2016/01/19/one-way-that-china-populates-its-ghost-cities/#79b773ab6e53
- https://www.businessinsider.com/heres-why-chinese-investors-are-so-eager-to-buy-homes-in-the-us-2018-3
- https://list.juwai.com/news/2017/06/why-are-chinese-so-obsessed-with-buying-property
- https://list.juwai.com/news/2017/05/golden-visas-and-europe-s-growing-allure-for-chinese-buyers
- https://www.nytimes.com/2018/01/22/business/china-housing-property-tax.html
- https://www.bloomberg.com/opinion/articles/2018-03-08/don-t-bet-your-house-on-china-s-property-tax-just-yet
- http://time.com/money/4732889/millennials-home-ownership-china-america/
- https://www.bloomberg.com/news/articles/2018-03-07/china-gets-closer-to-game-changing-property-tax-as-bill-drafted
- https://www.cnbc.com/2014/03/06/why-china-needs-a-national-property-tax.html
- https://www.elledecor.com/life-culture/travel/a13820058/tianducheng-paris-replica/
- https://www.scmp.com/news/china/policies-politics/article/2076346/why-chinas-rush-urbanise-created-slew-ghost-towns
- https://www.hongkongfp.com/2015/07/07/hallsatt-an-austrian-town-in-china-where-no-one-is-home/
- https://www.huffingtonpost.com/entry/home-prices-in-beijings-best-school-districts-skyrocketing_us_58ad98c1e4b0598627a55ebf
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