“Whatever is takes” torched at China property briefing

Thursday 17 October 2024

The Chinese Housing Ministry is busy giving the latest yawnulus briefing today and it is not going well.

On the surface, it appears bad for prices but better for construction volumes:

China said it will expand a program to support “white list” property projects to 4 trillion yuan from about 2.23 trillion yuan already deployed, adding more ammunition to halt the sector’s decline.

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.