show video detail
Inside a Chinese Ghost Town of Abandoned Mansions | WSJ
- Published_at:2024-02-19
- Category:News & Politics
- Channel:The Wall Street Journal
- tags: china china news china property crisis china real estate china real estate crisis real estate bubble ghost town ghost city inside ghost town shenyang china greenland group state guest mansion china state guest mansions shenyang default on debt abandoned homes china homes chinese construction home model ptc china housing bubble developer defaults exploring abandoned places inside empty homes evergrande liquidation evergrande group evergrande wonews
- description: China’s property crisis is expected to get worse as sales of new homes plummet and indebted developers struggle to find funds to complete projects. Real estate giant Evergrande was recently forced to liquidate as more than 50 housing developers have defaulted on their debts in recent years. WSJ’s Jonathan Cheng travels to an abandoned “ghost town” in Shenyang City built by the Greenland Group to explain how China’s real-estate slump has become a headache for the government. 0:00 Empty homes in China 0:30 The Greenland Group 1:19 Inside an abandoned showroom 2:43 Inside a home 3:33 China Evergrande Group 4:28 What’s next? News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #China #RealEstate #WSJ
| ranked in date | views | likes | Comments | ranked in country (#position) |
|---|---|---|---|---|
| 2024-02-21 | 921,547 | 11,418 | 1,576 |
( ,#7)
|
