Buyers Have Money, But No Confidence In Ordos

The ghost city of Ordos is still empty despite rising coal prices and the subsequent improving economic outlook.
"The locals are not short of money, lack of confidence!" A witness to the Ordos financial crisis, told reporters that the past few years, coal mining, land demolition, usury and other opportunities, a lot of people still earn money from part "grip is better," the people against the temptation to hold wealth in a crisis.
iFeng: 鬼城”鄂尔多斯对房价冷漠:不缺钱 缺的是信心

Commodity prices are a leading indicator for the economy, but aside from the price rebound (still within a bear market), there's no sign of a recovery.

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