China's Housing Market is in Danger

China's housing market has been shaken by a series of crises in recent years, with events such as the Evergrande default scandal threatening to bring the whole system crashing down. But the truth is the property market in China was built on shaky foundations, and the government has trapped itself in a presale system from which it may not be able to escape. Will China's housing bubble pop, bringing the economy down with it? Or will the government and CCP be able to find a solution to a system riddled with corruption and bad practices? More importantly, will those who bought homes through the presale system ever actually get a house to live in?Check out the previous episode on urbanisation in China: https://youtu.be/LQptYyczH64Chapters00:00 Intro03:03 Boom14:30 Bust & Evergrande 22:48 Future-----------------------------------------------------------------------------------------------------------------------SourcesCan China Fix Its Broken Housing Market?, Sixth Tone https://www.sixthtone.com/news/1011103“China’s real estate market”, Chang Liu and Wei Xiong'No Way Out’: Why China’s Mortgage Strikers Refuse to Back Down, Sixth Tone https://www.sixthtone.com/news/1011767/no-way-out-why-chinas-mortgage-strikers-refuse-to-back-down China property recovery will be slow and unevenly distributed amid income insecurity, distrust of debt-laden developers, analysts say, SCMP, https://www.scmp.com/business/article/3215956/china-property-recovery-will-be-slow-and-unevenly-distributed-amid-income-insecurity-distrust-debt?utm_term=Autofeed&utm_medium=Social&utm_content=article&utm_source=TwitterReal estate supports rapid development of China's urbanization, Zhaoyang Cai, , Qing Liu, Shixiong CaoReal Estate Bubble Resolution with Chinese Characteristics: Integrate Fragmented VacantResources, Guangze WangSupport the showSign up for Buzzsprout to launch your podcasting journey: https://www.buzzsprout.com/?referrer_id=162442Subscribe to the Sinobabble Newsletter: https://sinobabble.substack.com/Support Sinobabble on Buy me a Coffee: https://www.buymeacoffee.com/Sinobabblepod