The other Chinese builders we track are still trending down. The housing market seems super loose. Way over built? Quite different then in G8 where it's so tight it's driving inflation.
Going to be interesting to see how the economy turns around with by far largest asset owned by households continuing to trend down.
The other Chinese builders we track are still trending down. The housing market seems super loose. Way over built? Quite different then in G8 where it's so tight it's driving inflation.
Going to be interesting to see how the economy turns around with by far largest asset owned by households continuing to trend down.
https://on.ft.com/47gsexr