File:China Hotel Demolition.jpg

Summary
Chinese construction workers cut iron rebar to help with the demolition of the Taiwan Hotel in order to make way for both new residential and commercial space in central Beijing on June 07, 2010. The problems in China's housing market are more severe than those in the U.S. before the financial crisis because they combine a potential bubble with the risk of social discontent, according to an adviser to the Chinese central bank. UPI/Stephen Shaver