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China’s staggering property crisis. Despite a vast population of 1.4 billion, the magnitude of China’s empty apartments is such that not all can be filled, a rare admission by a former official highlights the depth of the issue. Uncover the intricate details of China’s real estate turmoil post the default of the giant, China Evergrande Group, and the continuous teetering of major developers like Country Garden Holdings. With a whopping 648 million square meters of unsold homes, understand the multifaceted dimensions of this crisis. Unfold the story of the deserted residential projects, uncompleted due to financial constraints, and properties bought by speculators adding to the vacuum. Hear from He Keng, a former deputy head of the statistics bureau, about the various estimates on the vacant homes, sufficient for up to 3 billion people according to some experts. Contrasting the official stance on the resilient Chinese economy, this exploration provides a comprehensive view on the actual situation on the ground, the potential economic impacts, and the uncertain future of China’s real estate sector. Stay informed and ahead of the curve with this in-depth examination of China’s vacant homes crisis. Equip yourself with critical insights to navigate the complexities of the global real estate scenario in light of China’s unfolding property situation. #China #RealEstate #PropertyCrisis #Evergrande #CountryGarden #ChineseEconomy #RealEstate #FinancialCrisis
Timestamps:
What Has Happened With China? 0:00
What Can I Do? 11:26
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