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PART 1: Investing in misery
China's citizens, eager to buy property in the wake of market reforms, often are buying more misery than anything else - the result of an industry that has become a hotbed of corruption.

PART 2: Crooks line their pockets
China's exploding real estate market, unshackled for good in the late 1990s by economic reforms, is creating vast numbers of victims as well. Miao Ye reports on graft in the property market.

PART 3: Banks menaced
China's overheating property market is starting to feature large numbers of vacant properties - bad news for the country's banks.
 
 

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