Is the world’s most important market going to break?

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The world’s most important market, Chinese property, saw prices moderate again in October with a monthly gain of 0.5% and yearly of 7.8%:

The number of cities with stalling and falling prices is still rising at 27 of 70:

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Lower tier cities are still dominating price gains though they are also slowing fastest:

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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.