November 10, 2025
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1:23Now PlayingChina's policymakers have now spent years trying to let the air out of China’s property bubble — without causing it to burst completely.
Mike Bird, The Economist’s Wall Street editor and author of the new book, The Land Trap: A New History of the World’s Oldest Asset, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss different models of land ownership around the world and why Singapore is one country that got it right.
Land is a weird asset. We need it to be affordable because everyone needs somewhere to live. But for many people, real estate is also their biggest store of wealth a kind of national piggybank that fuels both personal fortunes and broader economies. Nowhere is that tension sharper than in China, where housing affordability remains a major challenge even as real estate has been a huge driver of wealth for households and companies alike. China's policymakers have now spent years trying to let the air out of China’s property bubble without causing it to burst completely. In this episode, we speak with Mike Bird, The Economist’s Wall Street editor and author of the new book, The Land TrapA New History of the World’s Oldest Asset (). We talk about how much of China's economic progress has been tied up in real estate, different models of land ownership around the world, and why this particular asset is unlike any other.
Read more:
New World, Vanke Debt Moves Shake Up China’s Property Sector ()
CapitaLand Is Said to Mull Merging NonChina Assets With Mapletree ()
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