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Business Daily: China's Ghost Towns

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China's Ghost Towns

17/02/2016 GMT

BBC World Service - Business Daily, China's Ghost Towns

China's biggest property developer, Vanke, on what to do about the country's ghost towns.

There are millions of homes standing vacant in China. Will they ever be sold? And if not, what does that mean for the country's banks and the rest of the world economy?

There are millions of vacant homes in China. Ghost towns litter the countryside. So is China in the midst of a property bubble? And what does that mean for the country's banks, its faltering economy and the rest of the world? The BBC's Jane McMullen reports and speaks to Wang Shi, founder and chairman of China Vanke, the world's biggest home builder by revenue. Also, Juliana Liu reports from Hong Kong which struggles with the opposite problem; too little housing. And after many of our listeners got in touch, we give a snapshot of who they are, and where and how they listen to the programme.

(Photo: STEPHEN SHAVER/AFP/Getty Images)

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