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  • 1 year ago
Beijing's Property Problem

Beijing's Property Problem

Rob Young reports from Beijing where sky-high property prices and speculation by investors has pushed home ownership beyond the reach of many residents. He sees how new developments shooting up across the city will do little to help the Chinese capital's still-swelling population. And as Americans go to the polls to choose their next president, he finds out what young Beijingers have made of the campaign so far, and speaks to James Zimmerman, head of the US Chamber of Commerce in China, about where US-Chinese relations go from here.

(Photo: A new housing complex under construction in Beijing, Credit: Getty Images)