Chinese property Titanic sinks from sight

Wednesday 28 January 2026

Aaaand it’s gone…

The sinking hulk of Chinese property is now completely submerged and headed to the bottom with the worst start to the year that anybody can remember.

There is a run for the exits.

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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.