You can save Chinese property but not iron ore

Tuesday 7 May 2024

Iron ore continues its bear market rally:

The latest rationale is now a new housing fix:

“There is some positive change in this meeting content compared to the one held late last December; the sales of housing inventory will provide substantial help to property developers facing capital strains,” analysts at China Galaxy Securities said in a note.

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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.