
S4E9 The Fragility of China: A Conversation with Dennis Unkovic
New Books in Economics
00:00
China's Real Estate Crisis and Economic Implications
This chapter explores the profound real estate crisis in China, examining its impact on the political and economic landscape. It juxtaposes China's unique property ownership model with that of the U.S. and discusses the ramifications of heavy investments in real estate by local governments and the struggles of private developers. Additionally, the chapter highlights the challenges posed by the COVID-19 pandemic and the complexities of the Chinese currency system amidst these economic troubles.
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