Chinese property turns catastrophic

Monday 11 March 2024

There is no bottom here and do not look for one. Property sales are calamitous:

The Chinese are not stupid. They know the investment case for property is gone owing to the five Ds: demographics, debt, deflation, degloblisation and dictatorship.

Indeed, form the perspecive of the private Chinese buyer, recent yawnulus efforts by Beijing are shockingly counter-produtive as it revs up to build more public housing via QE (PSL):

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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.