Fatally holed Chinese property sinks on

Tuesday 18 June 2024

Again, forgive my lack of charts. Damn Excel has crashed.

China’s May data dump continued the recent trend of OK industrial output supporting crashing property sectors and a subdued consumer.

IP growth of 5.6% fell from previous months is still pretty good:

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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.