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From the FT:
China’s chief statistician has called an end to roaring house price inflation. The sector’s “high-growth period is over”, said Sheng Laiyun, head of the National Bureau of Statistics.
…Mr Sheng said after announcing broadly downbeat data that point to a deceleration of growth in housing and fixed asset investment: “There are big differences [in housing] between regions. But overall we can draw one conclusion: the high-growth period is over”.
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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.
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