[ad_1]
A worker prepares to weld steel structures at a construction site in Beijing on May 8, 2021.
Greg Baker/AFP
Hide title
Toggle Title
Greg Baker/AFP
China’s economy has seen extraordinary growth over the past few decades. Much of that growth has been driven by real estate – it’s like the country’s magical economic engine. But lately, that engine seems to have stopped. This is causing all sorts of problems not only for China but for the global economy as well.
Today on the show, we take a look at what’s happening inside the Chinese real estate market. We try to answer the question: How did we get here?
Today’s show is hosted by Nick Fountain and Emily Feng. It’s produced by Emma Peaslee, edited by Jess Jiang, fact-checked by Sierra Juarez, and planned by Josephine Nyounai. Alex Goldmark is our executive producer.
Subscribe to Planet Money+ to help support Planet Money and get bonus episodes In Apple Podcasts or plus.npr.org/planetmoney.
These links are always free: Apple Podcasts, Spotify, Google Podcasts, NPR One Or wherever you get your podcasts.
Find more Planet Money: Facebook / Instagram / Tik Tok / We Weekly communication.
Music: NPR Source Audio – “Good Thing Goin’ On,” “Ricochet,” and “Rodeo Drive”
[ad_2]
Source link
