Drum Tower: China’s cheapest city

In 2019, a cold, sleepy mining town called Hegang went viral for having the lowest house prices of any big city in China. Blog posts boasted of sizeable apartments costing as little as 46,000 yuan ($6,700). Many thought it was a hoax, others saw an opportunity.The Economist’s Beijing bureau chief, David Rennie, and senior China correspondent, Alice Su, meet the people making Hegang their home and hear why the pressures of life in China’s major cities are motivating them to move there.Sign up to our weekly newsletter here and for full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/drumoffer. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Gain a deeper understanding of China with Jeremy Page and Sarah Wu. The Economist’s China correspondents report from across the country and the places it influences beyond its borders. Jiehao Chen joins the discussion from London. This award-winning podcast takes on everything from the CCP to EVs and from ageing to AI. Published every Tuesday.If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.For more information about Economist Podcasts+, including how to get access, please visit our FAQs page here https://myaccount.economist.com/s/article/What-is-Economist-Podcasts. Hosted on Acast. See acast.com/privacy for more information.