All roads lead to Chinese QE

David Llewellyn-Smith

Friday 18 October 2024

Why is China having so much trouble fixing its housing market?

After all, it is centrally planned. It should be able to bail out what needs bailing out.

As well, housing bubble overbuilds happened in developed markets pre-GFC and they managed to fix it.

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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.