China seems to have (allow me the metaphor) ‘exported’ her bubble policies to Africa
From the BBC, (hat tip Bob Wenzel)
A giant new Chinese-built city has sprung up on the outskirts of Angola's capital Luanda.
Nova Cidade de Kilamba is a brand-new mixed residential development of 750 eight-storey apartment buildings, a dozen schools and more than 100 retail units.
Designed to house up to half a million people when complete, Kilamba has been built by the state-owned China International Trust and Investment Corporation (CITIC) in under three years at a reported cost of $3.5bn (£2.2bn).
But on a recent trip back to Luanda, the BBC's former Angola correspondent Louise Redvers discovered that most of the buildings currently lie empty, as this footage she recorded shows.
Watch the footage from BBC here
