China’s Evergrande shakeout still in full swing

Monday 29 November 2021

China’s Evergrande shakeout is not getting better. Dollar bond spreads for developers did narrow slightly last week but remain at paralysis levels:

That said, incremental easing is still underway at the ground level:

It needs to be. Property sales are still terrible:

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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.