Chinese steel output collapses

David Llewellyn-Smith

Wednesday 10 January 2024

Some are arguing that the big risk of 2024 is geopolitics. Others are arguing it is a recession.

I think it’s China, which is in the middle of the largest property crash in the galaxy.

Two points to make about recent events.

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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.