How did 6 million people in China buy homes that don鈥檛 exist?
China is struggling with a housing market crisis.
China is in the middle of a housing market crisis. Two of its top property developers, Evergrande and Country Garden, are struggling to pay back debt or fulfil their promises to build properties they have already sold to millions of people.
Fan Wang, a 大象传媒 reporter in Singapore, tells us about societal pressures young people face to be home owners in China.
Chen Yen, a journalist at 大象传媒鈥檚 Chinese service in Hong Kong, takes us through the details of the housing market.
And as China is the world's second-largest economy, what kind of damage could a collapse of its property market cause? Nick Marsh, our Asia Business Correspondent explains how concerned we should be.
Email: whatintheworld@bbc.co.uk
WhatsApp: +44 0330 12 33 22 6
Presenter: Hannah Gelbart
Producers: Emily Horler, Benita Barden and Julia Ross-Roy
Editors: Verity Wilde and Simon Peeks
Podcast
-
![]()
What in the World
Helping you make sense of what鈥檚 happening in your world.
