A multitiude of crashing Evergrandes the new “normal”

Thursday 4 November 2021

The market celebrated the end of the Chinese property adjustment yesterday:

Property shares in China gained after the Shanghai Securities Journal cited an unidentified government agency saying that lending to the real estate sector “basically recovered to normal levels” in October.

Here’s what “normal” looks like:

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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.