S8 Ep319: The Collapse of the Chinese Real Estate Market and Economic Stagnation. Guests: ANNE STEVENSON-YANG and GORDON CHANG. China's property sector faces a permanent downturn, with prices dropping 30–60% and enough vacant apartments to house billions. The gover

The Collapse of the Chinese Real Estate Market and Economic Stagnation. Guests: ANNE STEVENSON-YANGand GORDON CHANG. China's property sector faces a permanent downturn, with prices dropping 30–60% and enough vacant apartments to house billions. The government lacks the funds for a rescue. Xi Jinping's focus on high-tech is insufficient to replace real estate, which previously accounted for 25% of GDP.
1905 SHANGHAI