No end in sight to Chinese property rout

Sunday 24 October 2021

There’s plenty of talk about the end of the Chinese property crash. There’s plenty of hope for the end. There’s plenty of selling of the end. What is missing is the end.

The crash rolls on imperturbed by the madness of men. Actual sales of apartments remain very weak at around 2014/15 levels:

Another key leading indicator for Chinese construction volumes, land sales, is cratered:

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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.