Chinese property bounces along the bottom

David Llewellyn-Smith

Wednesday 6 November 2024

So far, sales of new property have not been better than prior stimulus bursts:

Sell-side sentiment is not better, either.

The demand side is a bit better.

The bounce in new home search measures is barely perceptible and over.

There has been some improvement in inventory as completions fall away.

There is nothing here for bulk commodity demand.

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.