Will China’s property black hole suck in Xi Jinping?


FTAlphaville with a good post, which I would describe as the China best case.

Plenty of pixels have been devoted to China’s property problems — especially as the grace periods on Country Garden bonds slip away.

Now Goldman Sachs has a handy Q&A out with a summary of its main analysis on the country’s property-sector collapse, where the bank tries to unpack the potential implications for its financial system and markets. So we thought we would cover some of the main points.

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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.