Commercialized retail also plunged by 13%.
Residential is likely next.
As they all tend to be strongly correlated.
China’s multi-trillion housing market holds the key to its failing growth model.
Adding to the mess.
Chinese office buildings now falling the most since GFC!
Commercialized retail also plunged by 13%.
Residential is likely next.
As they all tend to be strongly correlated.China's multi-trillion housing market holds the key to its failing growth model. pic.twitter.com/uHHDSL7axU
— Otavio (Tavi) Costa (@TaviCosta) September 14, 2019