Chinese property keeps on slowing

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Via Caijing:

Continued real estate regulation, the market to bring the impact of the overlay is still fermented.

National Bureau of Statistics released on November 14 data show that in the first 10 months of this year, the national real estate development investment, sales, funds in place indicators such as the growth rate continued to decline. Among them, the month of September and October, real estate sales scale decreased for two consecutive months. Affected by this, in the sources of funding for housing prices, the cumulative growth of personal loans for the first time negative growth.

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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.