As Chinese industry dies, empty apartments ride back

Wednesday 8 April 2020

It’s the always stimulus that never dies. The Chinese economic recovery is basically toast, via Capital Economics:

With people movement still weak and industry stalled, there is one bright spot as usual:

Can an economy survive on empty apartments alone? China is going to find out. The world is not supportive of anything else. Asia is buggered:

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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.