China's real estate market was once valued at more than $50 trillion. It made up a full quarter of the country's entire economy and made millions of people really rich. Now, it's in tatters, and upending hundreds of thousands of lives.

In this episode, Bloomberg's Lulu Chen and Janet Paskin zoom in on the story of Huailan - a 35-year-old mother of two in North East China - and how her life took a sharp turn when Country Garden, China's biggest developer, defaulted.  

Read more:
China Drafts List of 50 Property Firms Eligible for Funding
China’s Property Crisis Is Upending Tens of Thousands of Lives

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

China's real estate market was once valued at more than $50 trillion. It made up a full quarter of the country's entire economy and made millions of people really rich. Now, it's in tatters, and upending hundreds of thousands of lives. In this episode, Bloomberg's <a href="https://www.bloomberg.com/authors/AREqIqgAsYg/lulu-y-chen">Lulu Chen</a> and <a href="https://www.bloomberg.com/authors/ARDJF04Xu0k/janet-paskin">Janet Paskin</a> zoom in on the story of Huailan - a 35-year-old mother of two in North East China - and how her life took a sharp turn when Country Garden, China's biggest developer, defaulted.   Read more: <a href="https://www.bloomberg.com/news/articles/2023-11-20/china-drafts-list-of-50-real-estate-firms-eligible-for-funding">China Drafts List of 50 Property Firms Eligible for Funding</a> <a href="https://www.bloomberg.com/news/features/2023-10-23/china-property-crisis-country-garden-distress-crushes-investors-homebuyers">China’s Property Crisis Is Upending Tens of Thousands of Lives</a> Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

What Comes Next in China's Property Crisis

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/30ae97b8-10aa-44af-b112-b0c700b1e617/transcript

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