Is Chinese property turning?

Thursday, 20 November 2014

I gave the AFR a hard time the other day when it reported that Chinese property is turning. It does so again today:

For global investors who fear that a weak property market is the single biggest threat to the world’s second-largest economy, a bottoming in house prices could be the best news they get from China as the year draws to a close.

The housing market is still vulnerable and could sag again if policy support fades, a risk noted by Australia’s central bank this week, but some home buyers, brokers and developers are confident a shift is under way.

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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.