China fights losing stimulus battle as property dies

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China is the last bastion of attempts to a productivity-driven economy over a financialised one. Even then only very marginally and there is it still quite unclear if it going to succeed as it attempts to wean itself from the property monster at the heart of financialisation everywhere.

Toda that attempt is still looking pretty troubled as macro indicators stall:

Trailing property lower:

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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.