Original version

BBC World Service Europe and the Middle East

Business Matters

Discussion & Talk

Factual: Money

Global business and finance news and discussion from the BBC

Global business and finance news and discussion from the BBC.

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service East Asia

BBC World Service South Asia

BBC World Service

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

Business Matters: Property Buying Frenzy in the City that Doesn't Exist

News

Property Buying Frenzy in the City That Doesn't Exist

05/04/2017 GMT

Property Buying Frenzy in the City that Doesn't Exist

BBC World Service - Business Matters, Property Buying Frenzy in the City that Doesn't Exist

Chinese  speculators are snapping up properties in a city yet to be built

The Chinese government announced it was building a new city and today speculators went wild trying to snap up properties.

On Saturday the Chinese government announced it was building a new city. Today speculators went wild trying to snap up properties in what will be known as Xiongan New Area, sending prices into a similar frenzy. Kerry Brown, professor of Chinese Studies at King's College London, explains China's thirst for property.

Also on the programme, another twist in the economic and political saga in South Africa as the country's biggest trades unions turns on President Zuma. The BBC's Lorato Mbele in Johannesburg brings us the latest.

Sun-drenched Palm Beach in Florida is America's playground for the rich and famous. But it is set to be the diplomatic centre of the world when China's President Xi meets President Trump at his residence there this week. But what do the locals make of having the most powerful man in the nation, as a neighbour? The BBC's Luis Fajardo reports.

Fergus Nicoll will be joined throughout the programme by the Economist Intelligence Unit's Simon Baptist and by Andy Uhler from the Marketplace programme on American Public Media. They are also joined by the BBC's Cindy Sui.

(Photo: A traffic jam in Beijing. Authorities hope to ease the burden on the city with a new metropolis 100 km away. Credit: Getty Images)

Accessibility links

Programme Index

Business Matters

Property Buying Frenzy in the City that Doesn't Exist

Genres

Formats

Brand

BBC World Service Europe and the Middle East

About BBC World Service