China’s property the most important asset class in the world

Wednesday 8 November 2017

“We estimate that today over half of the private wealth in China is tied up in real estate,” the two analysts say.

They say a loss in the value of Chinese real estate creates a simple question in the mind of every Chinese householder about the perils of being the last individual globally holding RMB-denominated assets: “what am I waiting for?”

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.