China pursued the largest real estate boom or bubble in world history to maintain growth after export-driven and infrastructure-investment models were exhausted, leading to massive debt accumulation similar to Western economies before the 2008 financial crisis.
factualpending
Speaker
Martin WolfEvidence Quote
“what they went for was the biggest real estate boom or bubble I think in world history which meant that they then started generating huge increases in debt to finance this huge real estate boom [13:59]”
Created: 8/12/2026, 6:24:34 PM
My Notes
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