Beijing fears social unrest from property crisis
FT News Briefing
00:00
China's Property Crisis: Homeowners' Frustration and Government Bailout Efforts
This chapter explores the rising social unrest in China due to a debt-laden property crisis, where homeowners are protesting unfinished homes and high mortgage payments. The government's proposed $150 billion bailout raises questions about the potential effectiveness of involving local governments in addressing these deep-rooted challenges.
Play episode from 03:43
Transcript
