China's Ghost Towns
There are millions of homes standing vacant in China. Will they ever be sold? And if not, what does that mean for the country's banks and the rest of the world economy?
There are millions of vacant homes in China. Ghost towns litter the countryside. So is China in the midst of a property bubble? And what does that mean for the country's banks, its faltering economy and the rest of the world? The Βι¶ΉΤΌΕΔ's Jane McMullen reports and speaks to Wang Shi, founder and chairman of China Vanke, the world's biggest home builder by revenue. Also, Juliana Liu reports from Hong Kong which struggles with the opposite problem; too little housing. And after many of our listeners got in touch, we give a snapshot of who they are, and where and how they listen to the programme.
(Photo: STEPHEN SHAVER/AFP/Getty Images)
Last on
More episodes
Previous
Broadcasts
- Wed 17 Feb 2016 08:32GMTΒι¶ΉΤΌΕΔ World Service except News Internet
- Wed 17 Feb 2016 15:06GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa, News Internet & West and Central Africa
Podcast
-
Business Daily
The daily drama of money and work from the Βι¶ΉΤΌΕΔ.