Chinese property Titanic still going down

David Llewellyn-Smith

Thursday 4 July 2024

It is a case of much ado about nothing for the great Chinese property rescue hoopla:

Tier 1 cities are doing better. They comprise less than 10% of the market. Western ghost cities are 75%:

Sales are far below worst case scenarios:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.