Chinese property goes “zero bid”

Thursday, 6 July 2023

Bad news was good news yesterday for iron ore as the Caixin services PMI slowed some more:

Goldman wraps the local market views:

China’s sequential economic growth slowed meaningfully in Q2 and market participants expected more policy easing measures to be announced to support growth. We talked with onshore clients in Beijing over the past few days. These clients range from asset managers in insurance companies and mutual funds, to private equity funds. Below are a few key takeaways from our client conversations.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.