It sounded too good to be true, almost like finding a cheat code for Chinese real estate. Tired of big city life after years in Beijing and Hangzhou, freelancer Pan Deng set out as a digital nomad in 2019. The Hebei native decided to go to Guangzhou, seeking warm weather and delicious Cantonese food. But when he got off the highway on the outskirts of the southern … Continue reading The Winners of China’s Housing Bust: Burnouts and Beach Bums