China not letting up on property

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Pantheon Economics with an excellent note:

Chinese Property Sector Update: Keep a Cool Head on Easing

2021 was a terrible year for China’s property sector. Activity and price growth were well below the norms of recent years, as our first chart shows. Bad as the data look, the full-year performance was flattered by a reasonable start, which partially compensated for the disastrous second half of 2021. Even so, new starts collapsed, in a clear sign of the pressures facing property developers.

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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.