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What Comes Next in China's Property Crisis
Description
China's real estate market was once valued at more than $50 trillion. It made up a full quarter of the country's entire economy and made millions of people really rich. Now, it's in tatters, and upending hundreds of thousands of lives.
In this episode, Bloomberg's Lulu Chen and Janet Paskin zoom in on the story of Huailan - a 35-year-old mother of two in North East China - and how her life took a sharp turn when Country Garden, China's biggest developer, defaulted.
Read more:
China Drafts List of 50 Property Firms Eligible for Funding
China’s Property Crisis Is Upending Tens of Thousands of Lives
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