Tariff shock smashes into Chinese property

David Llewellyn-Smith

Wednesday 16 April 2025

Beijing, we have a problem. The property recovery that never was is now in hard reverse post-tariffs.

Leading indicators are in free fall verus previous saves in the primary market.

It is the reverse in the secondary market as property dumping is the new black.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.