Shanghai rises: Could China’s housing crash cause a global financial crisis?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 17 August 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

China’s home ownership bubble is less bursting and more deflating. As property company Evergrande announces $81bn of debt, why is this crisis slipping under the radar? Giving you the latest on this emerging economic disaster, Alex Andreou is joined by Cindy Yu, host of acclaimed podcast Chinese Whispers and assistant editor at the Spectator to explore how the economic crisis in China will impact the world. “Home ownership from China came about incredibly quickly.” “Property developers buy land from local governments, which has a knock-on effect on debt.” “It sounds bizarre in a country undergoing inflation, but China’s deflation crisis is very worrying.” www.patreon.com/bunkercast Written and presented by Alex Andreou. Producers: Liam Tait and Kasia Tomasiewicz. Audio editor: Robin Leeburn. Music by Kenny Dickinson. Managing editor: Jacob Jarvis. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
0:22.0	Phoenix Group is the UK's largest long-term savings and retirement business.
0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa.
0:37.0	So give a little love back with Dental Life from Purina, a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so look after
0:55.9	theirs with dental life. Pick up dental life in the pet food aisle.
1:02.0	Hello. Hello and welcome to the bunker daily I am your host Alex Andro in March China's
1:09.7	national Bureau of Statistics stopped publishing its Consumer Confidence Index, saying it conveyed
1:15.8	the wrong information.
1:17.8	This week it has decided to stop publishing youth unemployment data.
1:21.8	It is an almost stylized version of state-level denial about what is happening to the Chinese economy right now.
1:28.0	And what is happening should concern us all. China is the second largest economy and by some measures the largest.
1:35.0	It is the world's largest manufacturer and exporter of goods.
1:38.3	Chinese demand for all materials has a defining influence on global commodity markets.
1:43.0	The aphorism about China sneezing has never been more true.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Podmasters, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Podmasters and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.