Big Take

What Comes Next in China's Property Crisis

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 <a href="https://www.bloomberg.com/authors/AREqIqgAsYg/lulu-y-chen">Lulu Chen</a> and <a href="https://www.bloomberg.com/authors/ARDJF04Xu0k/janet-paskin">Janet Paskin</a> 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: <a href="https://www.bloomberg.com/news/articles/2023-11-20/china-drafts-list-of-50-real-estate-firms-eligible-for-funding">China Drafts List of 50 Property Firms Eligible for Funding</a> <a href="https://www.bloomberg.com/news/features/2023-10-23/china-property-crisis-country-garden-distress-crushes-investors-homebuyers">China’s Property Crisis Is Upending Tens of Thousands of Lives</a> Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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