Strategist: China Real Estate Is Ponzi Scheme

Don Ma
By Don Ma
August 19, 2022NTD Business

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.

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