China grapples with housing crisis as world watches on

This week saw the Chinese Communist Party hold its Third Plenum economic meeting. The world's second-largest economy faces a number of headwinds, including lower growth rates and high youth unemployment. One of the biggest issues China faces is fixing its embattled real estate sector. Properties lie empty, and many homeowners have lost their life savings after the country's biggest housing developer, Evergrande, collapsed. Sky's Asia correspondent Nicole Johnston travelled to China's 'rust belt' in the north-east of the country to witness the scale of the crisis. #china #evergrande #realestate SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales