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China is sitting on a huge real estate bubble that could lead its economy to melt down, a report by CBS 60 Minutes has claimed.
The report shows fresh footage of a virtually deserted city in Zhengzhou.
Skyscrapers, condos, entire malls and multiple-lanes roads lie almost empty.
Property development in China rocketed following the opening up of investment for the Chinese people 15 years ago and it has been driving the country's economic boom since.
But it has resulted in millions of speculatively built empty apartments across the country. It has been estimated that there are 64 million vacant homes.
They remain vacant because they are overpriced, which has sparked fears of the property bubble bursting.