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Preview: China's real estate bubble

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China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history. Lesley Stahl reports ...

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china real estate bubble ghost cities growth construction video cbs news equip gear kit array dress arm disrobe uncover fix fake abiding agreed arranged certain changeless circumscribed confirmed decided defined definite definitive determinate enduring firm in the bag inalterable inflexible inveterate level limited narrow never-failing planned prearranged precise resolved restricted rigged rooted set set-up settled stated steadfast steady still stipulated sure unbending unblinking unchangeable undeviating unfaltering unflinching unmodifiable unmovable unqualified unwavering advised aforethought calculated conscious considered contrived deliberate designed fixed framed up intentional laid-out prepense purposed sewn-up stacked deck studied thought-out willful able adapted adjusted all bases covered all set all systems go available disposed fit framed gaffed groomed handy in order in readiness inclined minded of a mind on guard predisposed prepped primed processed psyched-up put up qualified rehearsed sewed-up stacked up on willing wired accoutered appareled appointed armed arrayed assembled bedecked clothed completed decked dressed fitted furnished harnessed implemented provided readied set up supplied fit out outfit provide rig supply turn out accouter appoint deck equalize fortify furnish gird guard heel heel up issue load load up lug iron make ready mobilize pack pack a rod prepare prime protect rod up strengthen tote premeditated prepared equipped Rigged canned taped book can catalog chalk up chronicle copy cut cut a track document dub enroll enter enumerate file indite inscribe insert jot down keep account lay down list log make a recording mark mark down matriculate note post preserve put down put in writing put on file put on paper put on tape register report set down tabulate take down tape tape-record transcribe video videotape wax write in audiotape make a tape TV set audio baby-sitter boob tube box eye idiot box receiver small screen station telly 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expression intimation narration notice notification prediction promulgation publication publishing recitation reporting revelation statement announcement break calendar flash handout hot wire item list news flash program skinny the dope what's going down what's happening comment cry grapevine rumble scuttlebutt talk whisper conversation converse declaration directive excerpt goods hot story ideas info inside story intelligence language missive note pipeline poop prophecy précis publicity speech summary translation utterance work buzz intimate intelligence juicy morsel the lowdown dirt NEWS comic sudden tense affecting breathtaking climactic dramaturgic dramaturgical effective electrifying emotional expressive farcical histrionic impressive melodramatic powerful sensational spectacular startling striking suspenseful the histrionical The energy fitness verdure tone shape pink fettle stamina state vigor form bloom prime disease illness appearance aspect build constitution health kilter mint order phase repair status trim bliss dreamland ecstasy elation exaltation exhilaration exultation frenzy glee high spirits intoxication joy joyousness jubilation madness rapture relaxation transport good health robustness strength anatomy being condition figure frame object outline person phenomenon physique silhouette thing torso advantage big break blessing break fluke fortunateness godsend good luck happiness in the cards karma kismet luckiness lucky break occasion opportunity profit prosperity run of luck serendipity smile streak of luck stroke success triumph victory weal wealth win windfall agreement assurance covenant guarantee oath promise toast undertaking vow warrant word euphoria luck pledge Health HEALTH van car cart coach tram buggy dray lorry wain gilly auto automobile bucket bus clunker compact convertible conveyance coupe gas guzzler hardtop hatchback heap jalopy jeep junker limousine machine motor motorcar pickup ride roadster sedan station wagon subcompact 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conflict contention crusade encounter engagement fighting havoc hostility onset onslaught press ravage scrimmage significant contact skirmish sortie strife struggle war warfare agency amusement Action picture etching image sketch cartoon plate figure design photo print shot mug slide snap blowup pic pix Kodak pinup shoot capture turn get lens record film copy roll take X-ray fail lose art report statue piece icon canvas double effigy twin ringer draft doodle original adornment decoration depiction engraving frontispiece halftone line drawing painting photograph snapshot tailpiece vignette Kodachrome Photostat Polaroid close-up likeness microfilm negative portrait positive transparency capture on film cinematize get a likeness get a shot illustrate make a picture photoengrave reproduce account blueprint delineation description drawing duplicate impression lookalike outline panorama portrayal presentment re-creation replica representation similitude simulacrum spectacle spitting image tableau illustration Photo surfer Surfer head chief manager officer judge leader dean exec consul premier boss chair captain mayor prez worker law expert pro whiz pundit guru wizard czar buff Bible brass brains feds amateur student rookie owner pilot skip top cap guide master CFO foot firm company patron outfit juice kingpin VIP tycoon agent employee ruler elder junior CEO President ambassador authority bureaucrat chairperson commander controller custodian director executive front office governor head honcho head person inspector minister official organizer overseer person upstairs producer superintendent supervisor arbiter aristocrat big cheese big shot big wig city hall connoisseur egghead establishment ivory dome kingfish power elite professional professor scholar specialist textbook top brass top dog top hand upstairs veteran virtuoso chieftain four-striper higher up mistress number one operator royalty skipper businessperson capitalist corporation entrepreneur management manufacturer meal ticket organization proprietor slavedriver workers big cheese administration administrator big wheel directorate government heavyweight hierarchy higher-up industrialist key player leadership chancellor civil servant commissioner comptroller dignitary functionary incumbent magistrate marshal officeholder panjandrum representative secretary top drawer treasurer employer ceo flick picture cinema show silent dailies rushes talkie footage motion picture moving picture photoplay picture show film drink rain aqua H2O tears soak wash thin wet hose damp dirty dry bath clean cleanse dip douse dunk flood imbathe imbue immerse moisten rinse scour scrub shower soap sponge steep submerge suffuse tub water aqueduct bottleneck channel choke point conduit course cove ditch duct estuary firth trench watercourse bedew besprinkle dabble humidify spray sprinkle adulterate alter attenuate cook cut decrease deliquesce diffuse diminish doctor doctor up irrigate lace lessen liquefy mitigate mix moderate modify needle phony up plant qualify reduce shave spike temper water down baptize bathe drench duck lave lower pitch plunge slop slosh souse splash submerse dribble drivel froth ooze run slabber slaver slobber spit water at the mouth canal dampen dilute drool Water fraud cheat crime dupe bluff graft honesty bilk fool trick humbug rook coax hoax cajole give across adjacent con contra contrary to counter to facing in contrast to in opposition to opposed to opposing versus contrivance device dodge expedient gambit gimmick machination maneuver play ploy racket ruse savvy scam stratagem subterfuge tactic wile baffle befuddle confound confuse deceive defraud delude flimflam hoodwink hornswoggle mystify perplex puzzle stump swindle betray burn chisel double-cross entice exploit finesse gyp have impose on jockey juggle lure manipulate mislead play for a sucker rope in seduce shave snow stick string along suck in take take in bamboozle beat circumvent disappoint fleece foil frustrate overreach ruin thwart affect beguile bunco counterfeit fake fake out feign illude jive lie pretend psych out put on sham shuck simulate against artifice cons Con expert whiz scientist aerialist artist athlete balancer clown contortionist dancer funambulist gymnast performer stunt person trapezist tumbler amateur barnstormer bit player character comedian entertainer extra foil ham hambone headliner idol impersonator ingenue ingénue lead mime mimic pantomimist play-actor player soubrette stand-in star stooge straight person thesp thespian trouper understudy ventriloquist villain walk-on builder creator designer draftsperson engineer inventor maker master builder originator planner prime mover beatnik dilettante flower child free spirit gypsy hippie iconoclast writer caricaturist comic artist gag person gagster illustrator social critic ace adept artiste authority buff connoisseur doyen graduate guru hot shot old hand old pro phenomenon pro professional proficient shark virtuoso 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charlatan cheat counterfeit crook deceiver double-dealer fake forger four-flusher hoaxer horse trader impostor mechanic mountebank phony play actor pretender quack racketeer sham shark swindler absconder cheater chiseler clip con artist confidence artist counterfeiter defrauder dodger falsifier fraud gouger grifter operator rascal rook scammer scoundrel sharp sharper slicker thief trickster fabricator impersonator liar shammer faker con man Conman conman con artist confidence man sheister shitter connor idiot child mental disorder homosexual emo phony fake dauber calciminer artisan craftsman animator artist artiste authority composer craftsperson creator expert handicrafter inventor painter virtuoso whiz painters Painter fraud hoax deceit racket sham sting con hustle hosing honesty truth contrivance device dodge expedient gambit gimmick machination maneuver play ploy ruse savvy scam stratagem subterfuge tactic wile betray bluff burn cheat chisel deceive delude double-cross dupe entice exploit finesse flimflam gyp have hoodwink impose on jockey juggle lure manipulate mislead play for a sucker rook rope in seduce shave snow stick string along suck in take take in trick artifice baloney bamboozlement bill of goods bunco chicanery con game cover up cozening deception dirty pool dirty trick double-dealing fake fast one fast shuffle fix frame hanky-panky hoaxing humbug imposture jazz jive plant put-on rip-off run around sell shady deal shell game snow job spoof stunt swindle trickery whitewash wrong bamboozle beat beguile bilk bleed caboodle cozen crib cross defraud diddle do a number on double-deal fast talk finagle fleece fudge give bum steer gouge hose jerk around milk pull one's leg ream rip off sandbag screw shaft short shuck skin stiff sucker take for a ride take out trim two-time victimize bait and switch cahoots complicity connivance conspiracy craft diddling flam fradulent artifice graft guilt guiltiness intrigue plot scheme skunk beat out of buffalo circumvent clip cross up disappoint ensnare entrap falsify fool gull hook impose upon lead on outwit play joke on pull fast one put on rob take advantage of take for take for ride take to cleaners collusion Scam lockup jail cooler keep pen can clink asylum aviary bowl building cage camp cell close coliseum coop corral court courtyard den dungeon garden ghetto hutch pale park patch place plot pound precinct prison quad quadrangle region room stadium stockade sty vault walk yard zone bastille black hole brig bullpen detention camp house of correction inside jailhouse joint penal institution penitentiary rack reformatory slammer solitary stir up the river book confine constrain detain hold immure impound imprison lock up put away put behind bars put on ice railroad send up sentence take away throw away the keys throw in dungeon throw the book at fence fold hedge wall big house campus college correctional institution enclosure Prison China actual solid honest sound firm right stable bodily live valid true unreal hidden unclear unsure vague fake feigned untrue false obscure dubious mental invalid unfit authentic kosher legitimate real absolute ascertained authoritative clear conclusive confirmable definite demonstrable destined determined establishable evident fixed genuine guaranteed having down pat in the bag incontrovertible indubitable infallible irrefutable known on ice plain positive predestined provable reliable safe salted away set supreme sure sure thing trustworthy unambiguous undeniable undoubted unequivocal unerring unmistakable verifiable accurate corporeal detailed explicit material objective particular precise sensible specific substantial tangible absolutely bloody by all means clearly decisively determinedly distinctly downright emphatically flat out for a fact in spades no catch no holds barred no ifs ands or buts no mistake no strings attached of course positively powerful really straight out strongly surely terribly terrifically unequivocally unmistakably actually existing genuinely in effect in fact truly veritably categorical clear-cut closing complete completing concluding decisive determining ending exhaustive express final finishing last limiting nailed down perfect settling terminal terminating ultimate bona fide certain concrete decidedly de facto definitive Real parcel area farm ranch domain villa acreage grounds lands demesne finca quinta legacy endowment substance fortune assets devise heritage goods effects patrimony capital bequest chattels poverty repair grade period sphere shape state lot status form level place order caste unemployment bit estate manor plot property ace in the hole ace up sleeve backing bankroll budget credit equity funds holdings kitty mattress means nest egg nut possessions rainy day reserve resources riches sock something put aside something put away stake stash stuff valuables wealth bequeathal bequeathment bestowal devisal dower gift inheritance settlement trust IRA business cash finances financing gold interests investment money principal savings stock treasure ways and means wherewithal cultural level degree lineage position race rank social order species standing station stratum branch brand breed cast character classification collection color denomination department description designation distinction division family feather frame genre genus grain grouping hierarchy humor ilk kidney league make mold name nature origin province quality range rate school sect section selection set source stripe style suit temperament value variety acre asset(s) class Estate e-state foam blob froth sac drop spume bead lather barm fester gurgle churn seep burble erupt seethe simmer stir boil gush moil well eddy murmur ripple swash issue fizz freeze bean bubble dab dot driblet globule grain particle pea pellet pill shot speck spherule stone abscess blain bleb bulla burn canker carbuncle cyst furuncle pimple pustule sore ulcer vesication vesicle wale weal welt wheal ball blot blotch daub droplet glob splash splotch agitate coddle cook decoct effervesce evaporate parboil poach smolder steam steep stew bogy delusion fabrication fancy fata morgana figment fool's paradise hallucination ignis fatuus illusion mirage monster monstrosity pipe dream rainbow snare specter virtual reality convulse ferment jolt stir up swirl toss blister chimera bubbles Bubbles Bubble ware china pots slipware terracotta wares bowl casserole ceramic container cup mug pitcher plate platter porringer pot pottery salver saucer tray vessel crackleware earthenware ceramics enamel enamelware dish porcelain China land lot plot freehold plat realty back forty expanse holding parcel property real estate clay dust earth loam terra firma arena dirt field landscape old sod park sand sod soil terrain turf acreage area campus country district environs fields gardens habitat premises realm sphere spot terrace territory tract zone acres beach continent countryside estate extent farming farmland ground grounds home homeland mainland manor nation province purlieu quarry quinta ranch region shore stretch sweep tillage allotment apportionment block clearing division frontage part patch percentage piece plottage portion Real estate Real Estate ghost city phantom devil demon soul shadow specter vision revenant haunt visitor shade spook phantasm wraith vampire daemon manes kelpie banshee zombie eidolon god AWOL astray away elsewhere ghost gone hooky missing no-show nobody home removed vanished biographer columnist composer creator essayist ghostwriter ink slinger journalist originator playwright poet producer prose writer reporter scribbler scribe scripter word slinger wordsmith work-for-hire writer author bang out cast clef coin a phrase comp conceive contrive cook up design devise discover draw up dream up fabricate forge form formulate frame fudge together ghostwrite imagine indite invent knock off knock out make up note down orchestrate originate pen poetize produce push pencil put down put pen to paper score scribble script set type set up time turn out whip up write apparition blunder casuistry chicanery daydream deception deceptiveness dream error fallacy false impression fancy fantasy figment fool's paradise hallucination head trip ignis fatuus illusion lapse mirage misapprehension mistake optical illusion oversight pipe dream self-deception speciousness spuriousness trickery trip cheapened depreciated deprived destitute devalued distressed ghetto impaired needy poor poverty-stricken run-down shanty skid row underprivileged weakened bubble chimera confusion delusion déjà vu figment of imagination hocus-pocus idolism ignus fatuus image invention make-believe misbelief misconception misimpression mockery myth paramnesia rainbow seeming semblance virtual reality absent compose depressed Ghost boo haunted house casper the poltergeist funky phantom annoying avoid loser herb weed bud gweedo bud marijuana ganja leave bounce call it a night disappear goodbye sayonara skinny white walk bayridge dirty cinnamon roll dirty ray allen nasty eargasm filthy toothbrush tease center downtown place capital port burg borough apple polis urbs belt block city county division domain dominion enclosure field kingdom locality neck of the woods neighborhood parcel patch plot precinct principality quarter section sector sphere square state stretch territory township tract turf vicinity ward zone club concourse crossroads focal point focus heart hub mall market marketplace mart meeting place metropolis nerve center plaza polestar shopping center social center station town trading center balloters body of voters body politic citizenry district electorate electors faction nation people system voters voting area abode accommodation apartment area berth community compass corner country distance domicile dwelling habitat hamlet hangout hole home house joint latitude lay locale locus longitude niche nook pad part plant point position property region reservation residence room seat site situation spot stead suburb venue village volume whereabouts boondocks municipality sticks whistle-stop midtown constituency -City City hike rise gain surge crop boost swell waxing upping loss halt decrease failure stop decline Cancer polyp lump mole fungus wen abatement lessening reduction stagnation accession accretion addition agglomeration aggrandizement aggregation amassment augmentation build-up chunk collecting collection conglomeration enlargement gob growth heap hoarding hunk increase inflation intensification mass multiplication pile quantity stack stock store trove advancement amelioration betterment break breakthrough buildup development enrichment furtherance go-ahead headway progress promotion step upgrade advance elevation improvement preference preferment prelation upgrading enhancement amplification beefing up expansion extension fleshing out heightening increment magnification raise reinforcement strengthening swelling jump prosperousness push rush spurt upsurge upswing upturn accumulation appreciation boom Growth system plan figure shape mold contour cut fabric turn edifice build type form format makeup outline cast making rearing raising prefab ruin ruins truth exegesis rendering version rendition inference reading exposé construal architectonics building construction engineering planning composition constitution formation framework make-up style adjustment attachment collection connecting erection fabrication fitting together joining manufacture manufacturing modeling molding piecing together setting up shaping welding architecture domicile home house hut pile superstructure ziggurat adherence bond cementation cling clinging comprehensibility concordance conformity congruity connection consistency consonance continuity correspondence inseparability inseparableness integrity intelligibility rationality relations solidarity stickage tenacity union unity character content contents design disposition essence frame habit habitus nature physique structure temper temperament vitality assembly coherence
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