ina’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 collapse coming.

Further Reading:

-The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
-Evergrande Was Once China’s Biggest Property Developer. Now, It Has Been Ordered to Liquidate.

Further Listening:

-China’s Property Market Crisis

-China’s Evergrande Crisis

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1d:T627,Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable: failure.But will the government let the company fail? And what would happen if it did?Guest: Alexandra Stevenson, a business correspondent based in Hong Kong covering Chinese corporate giants.Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit

The Big Short: China Edition