China has unleashed its property market

Tuesday, 17 July 2018

Hold your horses. The Chinese correction has a new entrant. June house prices are out today and there’s no disputing the emerging trend now. China has unleashed it property market as external pressures grow.

June new house prices accelerated for the fourth straight month to a robust 1%:

Tier one cities are still in check but the other 90% of the market is increasingly bullish:

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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.