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Podcast: The Real Estate Espresso Podcast
Episode: What is Really Happening in the Chinese Economy?
Description: On today’s show we are taking a look at the economy in China. China is the world’s second largest economy and it is the most systemically important from a consumer perspective. China is the factory of the world, at least for now.Â
As China’s industrial sector boomed over the past 40 years. People moved from the farms into the cities in order to work in factories. The growth in manufacturing was only possible through the availability of inexpensive labor coming from the farms.Â
We’ve seen entire cities built on speculation with the assumption...