The Chinese economy is in trouble

Sunday 30 January 2022

There’s still little joy for Chinese property, the world’s largest asset class. Developer credit remains completely frozen:

As equity values are smashed again:

All kinds of problems are emerging for the hoped-for orderly restructure of developer ponzi-schemes.

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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.