China's Housing Bubble: VICE News Tonight on HBO (Full Segment)
Economy | Information | History | Online | Facts | World | Global | Money
Shanghai’s property market is super hot, with surging demand for new apartments and prices in September hitting an all-time high, as the new middle class becomes the urban elite. Those who can afford to are even snapping up their second or third property as status symbols. People born into Mao’s China in the 1950s and ’60s are now enjoying an economic emancipation since the country opened itself up to foreign investment in the ’90s, creating a new consumer class. But income disparity in China is increasing and over the next decade, a projected 400 million will move to China’s cities. The Chinese government, fearing a widening inequality gap between the cities and the countryside, is struggling to control the bubble. Read: "The many ways China has responded to Trump" - http://bit.ly/2hhDS5E Watch: "All the times Trump has upset China since winning the presidency" - http://bit.ly/2hMTDAL Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: http://vicenews.com Follow VICE News here: Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Tumblr: http://vicenews.tumblr.com/ Instagram: http://instagram.com/vicenews More videos from the VICE network: https://www.fb.com/vicevideo
Comments
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I am just realising that Shanghai is really getting cleaner. By the way, Shanghai chinese are most fashionable chinese by far.
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Nothing like two middle aged women laughing about divorce over some tea.
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Money talks , bullshit walks.
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LOL, Im from Czech Republic (EU) and we have this fat drunken president who invited the Chinese in:( And what do you know, we had this brainwash through the news channels about the best investment beeing property in China:))))) It used some "Global City Index" as a reference - but on their website there is absolutely nothing about China:) They must be getting nervous:)
The news article (one of many) is here - its in Czech, use google translate to ehm translate:)
http://ekonomika.idnes.cz/zebricek-global-cities-index-vedou-cinska-mesta-f5d-/eko-zahranicni.aspx?c=A161216_102115_eko-zahranicni_nio -
Is Isobel half HKonese half white?
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If only that construction and development came more human rights.
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3:30 Essentially, Communism sucked under Communist Dictator Mao, and only gotten better when you pick up some American ideals to get yourself going.
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No country will be able to compete with china in the future, 1 billion people phew
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that she could speak mandarin so perfectly was hot. Didnt know I would be so much into that.
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video don't work in NYC
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7 million bucks just to breathe in smog ,no thank you. I'd rather live in Japan much better country.
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Ok
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This is fucking journalism right here. Go somewhere and show me a story.
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That one dude at the end is one smooth mofo! Can't blame him, Vice reporter is very cute.
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isobel <3
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that last guy was smoother than hot butter sliding down an Australian hill
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2018 china become the powerful economy on the world. i like china
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Im from india and looking at chinas progress, it makes me wish india had a more authoritative government. There is such a big headache getting anything done in india, anything that is religious is a big red glowing NO sign. People are having less kids no so hopefully better access to tv and internet shows them you can have modern stuff but still have culture.
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Ms Chen has a sweet hairdo 02:28
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Shame that the interesting things on Vice are now only 5-7 minutes long
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