China’s ghost towns should scare investors: BlackRock
![China](https://s32566.pcdn.co/wp-content/uploads/2019/10/FREE_120419936_AR_-1_0-1-951x634.jpg.optimal.jpg)
Asset manager sees bumpy road ahead, as the PRC's building bubble finally bursts; materials companies will be hardest hit
China faces increasing challenges in maintaining its above-average growth rates, according to a BlackRock report.
"China's old playbook of 'invest and grow' no longer works so well," BlackRock analysts said in a report the money manager released on Tuesday.
China
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