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2min chapter
China's real estate crisis, explained
Planet Money
The Rise and Risk of China's Real Estate Developers
This chapter examines the high-stakes practices in China's real estate market, where developers took on significant debt to fuel growth, leading to a precarious situation. It highlights the critical choice of one developer to withdraw from the market, amid a looming crisis that could reshape the entire sector.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode