Chinese property keeps on sinking

Monday 19 May 2025

You can’t keep a good Titanic up, and there’s no better example than Chinese property, which continues to sink despite Beijing’s next efforts.

The price hole ripped into her side is still sucking in water.

The iceberg of too high real interest rates is slowly melting, but why buy either of the below when you get a 3% in a term deposit with no capital risk?

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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.