For years, China’s real estate market was booming. Developers, home buyers and Western banks rushed to invest. But the boom turned into a bubble, which eventually burst. WSJ’s Rebecca Feng reports on the warning signs that were ignored and we speak to two people who saw the collapse coming.
Further Reading:
-The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It-Evergrande Was Once China’s Biggest Property Developer. Now, It Has Been Ordered to Liquidate.
Further Listening:
-China’s Property Market Crisis
-China’s Evergrande Crisis
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The Big Short: China Edition | The Journal. podcast - Listen or read transcript on Metacast
