1.4 billion Chinese scream in unison “sell property”

Friday, 3 May 2024

The PBOC first quarter survey is a doozy. Below is a summary of the main conclusions I drew from the surveys.

According to PBOC bankers’ poll, loan demand increased in the first quarter, and banks anticipate more supportive monetary policy in the following one.

The Q1 2024 business conditions worsened, according to a study of 5,000 firms, with both the domestic and international order sub-indices declining.

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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.