Chinese property bust rolls on

Friday 17 June 2022

The Chinese 70-city house price data was out late yesterday and showed a little sign of improvement. Prices fell 0.2% on the month, the same as April, and were flat over the year:

The breadth of price falls is unchanged:

Top tiers are stabilising:

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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.