Chinese property abandons ship

David Llewellyn-Smith

Wednesday 28 May 2025

More yawnulus please.

Sales pancaked.

Inventory a bit better.

Completions down, down.

It really doesn’t matter how much floor area developers sell, the enormous shadow inventory or unsold, empty, furloughed, half-built, half-dug apartments won’t run out for another 10k years.

Iron ore demand to keep falling.

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.