China EconomyCommoditiesIron ore price

Chinese property smashed as iron ore snorts crack

David Llewellyn-Smith
Tuesday, 1 February 2022
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Now, I know I’m the only one tracking reality with any regularity and markets have flown off with little birdies, but occasionally new data comes out that clearly underlines what is actually going on in Chinese property.

Today that data is monthly new home sales in China:

China’s property sales slump persisted in January with top developers seeing a steeper decline in transactions, signaling the sector may remain a drag on the economy.

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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.