No more stimulus from China

Monday 9 February 2026

Australia will need to find a sugar daddy because the Chinese version has lost its mojo.

New property sales are terrible to start the year.

The secondary market is, at least, showing some signs that panic selling is over, with lower transaction volumes, but prices are still falling.

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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.