Impact of New Property Tax on Real Estate

Late last year, the big Chinese property developer Evergrande started running into severe financial distress, as its bonds tumbled and frustrated customers faced delays in getting their homes. Since then, it's gotten worse. Evergrande is still troubled, as are other property developers who have also run into stress. So what does it mean, and what are China's goals here? On this episode, we speak with Travis Lundy, an independent analyst on the Smartkarma platform, who has studied these companies in depth. He explains why things have gotten worse, and what China's goals are with a property sector that historically has been so crucial to its economic model.

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