Planet Money cover image

China's real estate crisis, explained

Planet Money

NOTE

Land zoning power and its impact on residential development in China

Local governments have the power to zone land, allowing them to sell leases for residential developments. As the demand for apartments increases, officials become dependent on land sales to fund services and meet growth targets. The incentive for everyone is to build.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner