Inside China’s fixed asset investment drop

David Llewellyn-Smith

Thursday, 13 August 2015

Courtesy of Westpac’s excellent China Resources Quarterly comes a profile of Chinese fixed asset investment.

Sliding private sectors with infrastructure support:

Weak wider proxies:

Construction starts weak:

Resi sales up but starts still way down on excess inventory:

Emerging credit revulsion:

But structrual rebalancing!

Full report.

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.