Home Price Decline Accelerates As China’s Housing Crisis Deepens | Chinese Economy Stabilizing?

Please Support the Channel (It's just me making China Update):

China Update is about China economic and political news and analysis, today we discuss the Chinese economy, housing crisis, and other China news #chinaupdate

00:00 Introduction
00:11 Housing Crisis: Local Government Financing | August Data
05:47 Chinese Economy

Channel email:

My consulting firm:

China Update provides you guys with the most up to date political, economic, and geostrategic analysis on China - so that you are on top of the world's number 2 economy. I was originally a lawyer who later moved to China to work in policy. My videos are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese. The views and analysis are all my own and I make the videos.

Disclaimer: China Update is not a financial advisory channel. Nothing I say should be taken as investment advice. Please speak to a professional before making any investment decisions. While I take great care in researching everything discussed in my videos, I do not guarantee that all claims are 100% accurate, all claims should be verified by viewers.

[laralupo]

Good afternoon from rainy Europe😁... Thank you and habe a nice Sunday..

[Tewhill]

His name is Tony. What else can he do!?!

[coraltown]

So whatever happened to Three Red Lines ? .. 😀 .. Everything now seems like the exact opposite.

[Cofcos]

"Assuming these numbers are accurate" ...What a story.

[HarryWHill-GA]

As the Chinese population rapidly shrinks over the next three decades, the housing construction industry is going to absolutely crater. The value of existing housing will fall through the floor as well. I think we will see China at least partially de-industrialize before 2050.

[johnolds]

Little boxes on the hillside,
Little boxes made of ticky tacky,
Little boxes on the hillside,
Little boxes all the same.

[taiwanisacountry]

The local governments are really out there trying everything they can. But with mounting pressure, and instability in sight, I too would be out of my mind. The pressure on the local governments are already humongous, i have never seen anything like this before, not even close.

[paulmurray]

LOL! Putting aside the laughable housing investment data, who's surprised at the published growth data? It was as predictable as night follows day.😆

[cocozamis]

Fake numbers will never help the problems
Domino will go on

[peterclyons]

LEV's? Looks to me like a Ponzi scheme Mk II

[Sunfried]

What is a local government financing vehicle exactly?

[AlphaAurora]

Hmmm, still stuck at the local Government level for fiscal issues. Meanwhile Beijing has other priorities.

[robabramovitz]

What is the typical down payment on a new Chinese home? What do you think the banks will do when a home mortgage goes underwater? At the rate things are declining, it seems that a new home bought last year will be underwater (with a 10% down) early in 2024 at the rebate things are going. That might be about the time the family was supposed to move in.

[MasticinaAkicta]

worse then 2008. Because this isn't going to end soon!

[dbcoopernd]

If retail sales tumbled more than 30% and property investment shrank more than 70%, the .29% house price drop is highly suspect. I would expect a much higher number.

[dm]

How does Michael Pettis get away with all this truth telling?

[helenrushful]

scary thing is that China collect very little income tax

[jwarmstrong]

Buying land at the start of a falling market - is that a good idea ? Buy low sell high is good goal but the bottom hasn't been reached

[guyrosinbaum]

So your saying the 3 red lines was a bad idea to fix a Ponzi scheme

[richardtrujillo]

Very fine report. Much appreciated. Cheers