Advertisement
Goldman has been one of the better sellsiders on the China bust. But even it is still understating the reality.
China’s property downturn is showing no sign of abating, with December data registering year-on-year declines in sales and home prices.
Additional easing measures were announced in January, with more expected, including reductions in downpayment ratios and mortgage rates, an easing of purchase restrictions, urban village renovation and additional funding support for developers.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement