China’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’
0:24
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FortuneYvonne Lau
China’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’
The official's comments come as China grapples with a deepening property crisis that's seeing developers unable to finish housing projects—and hundreds of thousands of homeowners unwilling to pay their mortgages.
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