China’s property bubble set to burst?

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With Australia’s iron ore miners being pulverised on the bourse today it might be time for some iron ore bear porn. Readers will recall the analyst Gillem Tullock from the recent 60 Minutes report on the Chinese property bubble. Well, here he is again, this time with Reuters, predicting that the whole nasty thing is set to come down in the second half of this year. Let’s hope he’s wrong.

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.