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Podcast: The Bunker – News without the nonsense
Episode: Shanghai rises: Could China’s housing crash cause a global financial crisis?
Description: 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 in...