China’s house prices bubble on…for now

Wednesday, 18 May 2016

China new home prices for April are out and the results are mixed with overall growth still accelerating to 1.2% month on month:

And 6.2% year on year:

However, within that there are earlier signs of fatigue in top tier cities even as the recovery struggles to broaden. 47 out of the 70 city index saw prices rise but you can see just how weak and distended the cycle is versus those previous:

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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.