Strategist: China Real Estate Is Ponzi Scheme

Don Ma
By Don Ma
August 19, 2022NTD Business
share

Chinese property developers’ cash flow plunges. It’s down 24 percent through July year-on-year, according to a lead economist at Oxford.

Total funding as of July 2022 was down 5 trillion yuan ($730 billion) compared to the same time last year. The drop in cash flow comes as China’s property sector faces a slew of issues such as defaults and Chinese citizens refusing to make mortgage payments.

NTD spoke with Brian McCarthy, chief strategist at Macrolens, to learn more.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments