This podcast episode explores the Chinese real estate market and the concerns surrounding a potential bubble. It discusses individuals like Parker and Gilliam who had doubts about the market's stability and made risky bets against it. The episode delves into the investigation of ghost cities and the discovery of unfinished and unsold buildings that raised concerns about the true economic reality. It also discusses the government's intervention in preventing a market crash and the tipping point that led to the downfall of major developers like Evergrande. The collapse had a ripple effect with construction halting, homes remaining unfinished, and widespread economic fallout.
