Chinese property Titanic takes on more water


It looks like this week’s improvement in Chinese property sales (year on year) is more a data timing issue:

That said, Tier-1 cities have lifted. Below that there is a sliding scale of doom. Tier 1 is only 5-10% of the market:


Any way you cut it, YTD is disastrous:

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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.