China Economy

China triggers property bear market party

David Llewellyn-Smith
Friday 21 January 2022
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The bear market property party is underway in China on its new, that is old, ponzi fix for developers to spend their client’s deposits on sustaining the unsustainable:

Citigroup

  • The potential easing will likely be executed at the local level on a case-by-case basis without a formal announcement, according to analysts including Griffin Chan
  • The windows to implement the new rules could come late January before the Lunar New Year, and mid-March after the NPC annual meeting; the sector could see a better 2022 versus 2021 given more policy clarity since December
  • News to have positive impact on share prices; Citi’s top picks include China Resources Land, Longfor, CIFI, Logan

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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.