The Big Short: China Edition
May 30, 2024•24 min•Transcript available on Metacast Episode description
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
