This podcast episode focuses on the rise and subsequent crisis of the property market in China. It highlights the role of Evergrande, one of the largest players in the industry, and its default, which exposed the vulnerabilities of the Chinese property market. The crisis had far-reaching consequences, impacting homeowners, suppliers, and other industries linked to the housing market. The chapter explores the domino effect of defaults by various developers, leading to a continuous stream of negative news and raising concerns about the stability of the Chinese economy. The repercussions of Evergrande's default on the construction industry and smaller companies working for Evergrande are discussed. The Chinese government implemented measures to address the crisis, but lack of confidence in the market remains a challenge. The episode emphasizes the need for sustainable solutions and long-term stability in the Chinese property market.
