The Big Short: China Edition

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’sProperty Market Crisis

-China’s Evergrande Crisis

Learn more about your ad choices. Visit megaphone.fm/adchoices