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A few more charts for you to enjoy for the greatest and most under-reported property crash in history.
Property developer debt is now next-to-worthless:
Why wouldn’t it be? Now that the ponzi-scheme is collapsing, oversupply is vast:
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It’s goodbye to Chinese growth:
But not to Chinese debt:
And it’s hello Angry China:
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The Chinese dream is over.
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.
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