
China's real estate crisis, explained
Planet Money
China's Real Estate Boom and Its Consequences
This chapter examines the dramatic transformation of property ownership in China since the 1980s, focusing on key economic reforms that triggered explosive growth in the real estate market. It highlights the ethical dilemmas and challenges faced by entrepreneurs navigating a landscape rife with corruption and cultural nuances around gift-giving. Through personal anecdotes, it sheds light on the lavish lifestyles of property tycoons and the broader implications of rapid economic expansion.
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