Episode Notes:

In recent weeks, a growing number of Chinese citizens have threatened to stop paying mortgages amidst a broader downturn in China’s housing market.

Joining us to discuss this is James Palmer. James is a deputy editor at Foreign Policy and the author of an excellent book, The Bloody White Baron: The Extraordinary Story of the Russian Nobleman Who Became the Last Khan of Mongolia.

[ 0:41 ] Chinese housing market

[ 4:51 ] What went wrong

[ 9:58 ] Political response

[ 12:42 ] Implications