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China cooked its population data. Now its economy is in crisis
Aug 30, 2023
China's economy is struggling due to the One Child Policy and dodgy population data. The declining population is causing trouble in the property sector and China is in a world of trouble. The podcast explores the impact of the declining population on the economy, the consequences of the One Child Policy, and the issue of inaccurate population data in China.
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Quick takeaways
- China's property market crisis is a result of decreasing population and birth rates, leading to a lack of demand for apartments.
- The Chinese government's One Child Policy has caused a skewed population ratio and rapid aging, posing economic concerns for the country.
Deep dives
Collapse of high-rise buildings due to property market crisis
In the Chinese city of Kunming, 15 high-rise buildings collapsed, symbolizing the building boom that powered China's economic growth is now running out of steam. More than 20% of apartments in China are vacant due to decreasing property prices and bankrupt property developers. The population and birth rate are decreasing, leading to a lack of demand for these apartments. This incident is not isolated and reflects a larger trend in China's property market crisis.
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