Will China’s property black hole devour Xi Jinping?


Chinese investors are not the for turning:

The net share of respondents planning to cut their investment in domestic real estate over the next year rose to a record 31.7% in the third quarter of this year, according to the quarterly investor sentiment survey published by the Cheung Kong Graduate School of Business in Beijing.

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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.