The boom, bust and future of China's real estate sector
The Sound of Economics
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The Chinese State's Determination to Urbanize
Yum Penk: Urbanization is definitely one of the most significant processes in China. The idea behind this system was to use borrowed money to scale up housing production very quickly. But as we see today, this system has been increasingly exploited by real estate developers who engage in risky and speculative businesses. Yum Penk says that when a market is loaded too big to be true oversupply, it's like "the king has no clothes"
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