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China's miniature home builders cut down to size
After decade-long property boom, an extended downturn looms large
Add BT as a preferred sourcePublished Wed, Jun 3, 2015 · 09:50 PM
Shenzhen, China
IN the face of an extended downturn after a decade-long property boom, China's miniature apartment builders are finally downsizing their ambitions.
China has experienced the most rapid urbanisation in human history - it is said to have used more cement in 2011-2013 than the US did in the entire 20th Century, and built twice as many homes in the decade to 2010 as exist in Britain in total.
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