Chinese property falls off cliff, economy to follow

Wednesday 9 March 2022

If you’re looking for China to fix the global economy then forgedaboudit. Its crucial property sector is resisting all attempts to arrest its decline. Increasingly it resembles more a falling anvil.

Developer funding spreads have fallen off the proverbial cliff in the past few days:

The carnage continues to eat individual names:

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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.