How China Dealt with its Real Estate Bubble: A Study in Contrast to 2008 - Radhika Desai on DSA IC

[Cross-post from DSA International Committee Channel] The webinar will examine how Chinese policymaking since 2021 has deliberately sought to “pop” the economic bubble created by the rapid growth of the real estate sector, focusing on saving ordinary homeowners and workers. What China did is in clear contrast to what the US did in 2008. US authorities fed the bubble it until it burst, harming millions of ordinary homeowners and workers and benefiting the very financial companies that participated in creating it. The webinar will be led by Professor Radhika Desai, Director of the Geopolitical Economy Research Group and author of Capitalism, Coronavirus and War: A Geopolitical Economy. RadhikaDesai.com radicaldesai.substack.com   / radhikadesai