Has China tamed its property cycle at long last?

Friday, 7 July 2017

A report released by China’s central bank said that measures introduced to deflate a property market bubble have met with initial success, and capital inflows into the property market have eased as the number of personal home loans moderated.

The 152-page China Financial Stability Report, published by the People’s Bank of China Tuesday, stressed that the financial risks such as excessive leverage in the property market should be the focal point for oversight, while reiterating that credit and liquidity risks within the financial sector remain largely controllable.

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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.