People often point to the &quot;ghost cities&quot; like Ordos when declaring China to be in a massively overbuilt real estate bubble. Yet studies such as those done by Mckinsey below predict 350M more people moving to cities by 2030 [1]. Given NYC has a population of about 8M, it appears China actually needs to build an additional 44 NYC sized cities (or expand existing ones) by 2030.<p>Makes you question weather they really in a bubble? It appears they could fill Ordos and 43 other new cities in the next 15 yrs!  Perhaps they need to be putting these cities up even more rapidly.<p>[1]<a href="http:&#x2F;&#x2F;www.mckinsey.com&#x2F;insights&#x2F;urbanization&#x2F;preparing_for_urban_billion_in_china" rel="nofollow">http:&#x2F;&#x2F;www.mckinsey.com&#x2F;insights&#x2F;urbanization&#x2F;preparing_for_...</a>