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As we know, there has been some recent hope for a rescue of a new Chinese property.
The most recent report from the April 30 Politburo meeting seemed willing to consider a different strategy for handling the real estate crisis, advocating for concerted efforts to demolish the stock of existing homes.
The problems with the real estate inventory were last brought up by the Politburo in the middle of 2016.
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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.
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