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Big Take

What Comes Next in China's Property Crisis

28 Nov 2023

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 FundingChina’s Property Crisis Is Upending Tens of Thousands of LivesListen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.

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