The last two downturns the Chinese government provided a financial boost to reignite the economy. But this time the government is not willing to play backstop as it tries to manage a wider economic slowdown.
So has China's property bubble burst? And will it take down the economy? Kamahl Santamaria talks to Frank Chen, the executive director of CBRE in Shanghai.
Watch each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630. Click here for more Counting the Cost .
Follow Kamahl Santamaria @KamahlAJE and business editor Abid Ali @abidoliverali .
Source: Al Jazeera