How did 6 million people in China buy homes that don’t exist?
What in the World
00:00
Introduction
The hosts discuss the financial crisis in China's property market, focusing on the situation with Evergrande and Country Garden, exploring how Evergrande became heavily indebted and is now under investigation for illegal activities. They highlight the implications of this crisis on millions of people who paid for non-existent homes and its potential impact on the global economy, emphasizing the significance for young people in China and the issue of unemployment.
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