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Building things and breaking things in China (Summer School World Tour)

Planet Money

2 DAYS AGO
Planet Money

Planet Money

2 DAYS AGO

Shownote

China’s turbocharged growth may have made it rich, but now it has to deal with rich country problems.  High-speed trains that connect every town. Gleaming new bridges and skyscrapers. An apartment (or two) for every family. No country on Earth has seen th...

Highlights

China's rapid economic rise, fueled by a central planning mindset, has created a new set of challenges. This episode explores the consequences of the country's 'engineering state' approach, from a massive real estate bubble and overbuilt infrastructure to a demographic crisis and a generation of young people struggling with unemployment and shifting expectations.
15:04
Houses are for living, not speculating
27:34
Inheritance from one-child policy lets youth opt out of work
40:02
Socialism with Chinese Characteristics is whatever the Communist Party says is correct

Chapters

The Rise and Fall of the Real Estate Empire: How an 'Engineering State' Built a Crisis
00:00
The 'Spoiled and Miserable' Generation: Why Young People Are Opting Out of Work
21:18
Can the State Engineer Its Way Out of a Demographic and Economic Slowdown?
33:44

Transcript

Robert Smith: Support for this NPR podcast. And the following message come from Carvana. Selling your car? Carvana has offers so good, they're almost inexplicable. Sell your car 100% online in minutes. Visit Carvana.com today. Dan Wang: This is Planet Mon...