I thought you might be interested in this. @Michael_Yon has been all around for years. https://t.co/4Bfz3lSakn
— DeeStonk (@DeeStonk) September 12, 2023
According to Apollo, China's real estate market is now in recession territory.
The China real estate climate index just hit its lowest levels since 2008.
Meanwhile, Evergrande just declared Chapter 15 bankruptcy and the Chinese HY real estate index is down 82% in 2 years.
This… pic.twitter.com/AYDV1iuuUe
— The Kobeissi Letter (@KobeissiLetter) September 12, 2023
"In the long run you've got the Chinese economy circling the drain. You have the real estate market falling apart."
Hayman Capital Management founder and CIO Kyle Bass says "realism" is behind his bearish call for China's financial markets and economy https://t.co/xjmdHVqhRB pic.twitter.com/klM80xCI3Q
— Bloomberg Markets (@markets) September 11, 2023
Europe's recession is worsening and impacting China, too. Chinese exports were down almost 20% y/y in August even with easier comparison to last August. Huge drag on China's economy and one reason why recession gets to be globally synchronized. pic.twitter.com/CvpqvBM0EO
— Jeffrey P. Snider (@JeffSnider_EDU) September 8, 2023
Why China's economy is in crisis pic.twitter.com/c399r5gdeQ
— Random Videos (@randvideos) September 12, 2023
China’s Housing Rebound Fades Fast in Big Cities After Stimulus
A spurt of home sales in China’s biggest cities is losing momentum less than two weeks after authorities loosened mortgage restrictions, raising doubts over whether the steps are enough to revive the market before a crucial busy season.
While a dearth of official statistics makes it difficult to gain a comprehensive view, checks by industry watchers suggest that the rebound is fading in tier-1 cities.