Chinese property crash another 18 years to run


Goldman with the update.

Property risks linger: Declines in property prices accelerated in March, both in the officialNBS 70-city house prices and in third-party provided existing home prices.

In the March activity data, housing starts, new property sales, housing completions and property investment continued to show large year-over-year declines (-25.4%, -18.3%, -21.8%, and -10.0%, respectively).

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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.