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Viewsroom

China’s multi-layered property crisis explained

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 21 July 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Homeowners in the world’s second-largest economy are refusing to pay mortgages on unbuilt homes. In this Viewsroom podcast, Breakingviews columnists describe how government deleveraging policy destabilised the sector – and President Xi Jinping’s unpalatable options for fixing it. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts. It knows your schedule.

0:15.0

It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

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0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.3

The views expressed on this podcast are those of the participants, not of Roalders News.

0:36.8

This week we are honing in on one big topic, the Chinese property crisis.

0:47.7

Welcome back to the Views Room, the podcast from Reuters breaking views where columnists

0:52.1

from around the world talk about the big stories of the week.

0:55.7

I'm your host, Amy Donlin, coming to you from London.

0:59.0

China's property market is looking creaky.

1:01.3

The government's bid to de-leverage the sector and make it less speculative has destabilized property companies,

1:06.8

with construction grinding to a halt.

1:09.6

Breaking Views columnist Yow and Chen and Pete Sweeney in Hong Kong

1:12.4

are here to offer a detailed explainer

1:14.5

on how the world's second largest economy got into such a mess,

1:18.7

the implications for the Chinese citizens

1:20.2

that are refusing to pay mortgages on unbuilt homes

1:22.9

and what this means for Xi Jinping's government.

1:38.3

China is experiencing a kind of property crisis.

1:42.2

Here to talk me through it is Yowen Chen and Pete Sweeney, and we're going to go through quite an explainer on this whole

...

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