As Canada deals with high inflation and a housing shortage, the world’s second-largest economy is grappling with a nearly opposite reality.
China has been booming for over 40 years as Beijing invested heavily to build up the country. But now, demand for housing is sinking amid overbuilding and developers mired in debt, and consumer prices have recently fall ... Show More
Aug 22
Escape, immortality, AI: Silicon Valley's blueprint for the future
Elon Musk wants a million people living on Mars within 20 years. Jeff Bezos imagines a trillion humans in space, living in a constellation of space stations the size of major cities within a few generations. Sam Altman, CEO of OpenAI, is preparing for a future where rogue AI coul ... Show More
33m 35s
Jul 2023
China’s Economic Rebound Hits a Wall
When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the economy to spring back to life. It hasn’t worked out that way.Daisuke Wakabayashi, an Asia business correspondent for The Times, explains w ... Show More
22m 59s
May 2024
The Big Short: China Edition
For years, China’s real estate market was booming. Developers, home buyers and Western banks rushed to invest. But the boom turned into a bubble, which eventually burst. WSJ’s Rebecca Feng reports on the warning signs that were ignored and we speak to two people who saw the colla ... Show More
24 m
Aug 2023
Drum Tower: Hey, big spenders
The end of China’s zero-covid restrictions was meant to revitalise its economy. But the rebound has fizzled, resulting in weak growth and deflation. Chinese consumers are not spending—and that is a problem for policymakers.
David Rennie, The Economist’s Beijing bureau chief, and ... Show More
32m 54s