VERY INTERESTING: CHINA

 Hello ladies and gents this is the Viking telling you that today we are talking about 

CHINA

Around 140 MILLION FARMERS have had their land forcibly seized by the government in the past 17 years

This estimate is based on data for farmland seizures from 1994 to 2006, cited in the New York Times. Since then land grabs have continued, as cities face growing pressure to sell farmland as lucrative real estate.

Indeed cities are relying more than ever on land sales for revenue, according to NBER.

Because of land grabs, Chinese farmland has shrunk by 8.33 million hectares — an area the size of South Carolina — in the past 12 years.

Beginning in 2008, China's local government loans exploded from $235 million to $1.6 TRILLION

You think America was in a housing bubble? Since 2003 Hong Kong home prices have TRIPLED

If he spent his entire yearly income on housing, the average Beijing resident could buy 6 square feet of residential property

Obviously he can't spend his entire income on housing...

A square meter of residential property in Beijing averages 12,793 yuan ($2,000) per square meter, according to Le Monde. Meanwhile the average per capita income is only 24,000 yuan, according to Asia Times.

16,810 CHINESE COAL MINERS have died in accidents in the past five years

China consumes 53% of the world's cement... and 48% of the world's iron ore... and 47% of the world's coal... and the majority of just about every major commodity.

And as always have a chilled day from the Viking