AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
In China, Something Disgusting is Coming Out of Fire Hoses! - Episode #166
The China Show
The Problem With Chinese Local Governments' Fake Property Deals
Tofu drag or tofu dross or tofu slag construction is about taking shortcuts, which inevitably lead to these very unsafe situations. I just thought that this was kind of related, that it turns out that Chinese local governments have used fake property deals To boost their revenue recently. China's economy is in a lot of trouble right now And they're doing all these underhanded tricks to try and prop it up and boost it. This all ties into this tofu-drags stuff because they sell these things They get lots of investment from potential buyers, they get investment Then they quickly build these high rises, but very quickly and very cheaply. The fire hydrants don't work, or the
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode