Chinese property plunges into new year

David Llewellyn-Smith

Monday, 8 January 2024

I do not expect a recovery in Chinese property this year.

Any move to build more public housing will likely crowd out collapsing private demand as the supply glut grows.

The new year gives us a taste of sales to come, once again sucked into the Chinese property black hole:

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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.