Chinese property black hole turns super massive

David Llewellyn-Smith

Monday 18 March 2024

Chinese property is now the centre of a galactic-scale event.

We begin with February New Yuan Loans, which were terrible as TSF stock growth plunged back to 9%:

Led lower by, you guessed it, mortgages:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.