Despite the market imbalances, Citi does not expect China's towering property debts to come crashing down this year.
HSBC's economics team estimates that the tariffs now in place will take up to half-a-percentage-point off Chinese economic growth over the next year, while the extension of tariffs to the remaining $US300 billion-plus of China's exports into the US could take up to 1.2 percentage points from growth. Bank of America-Merrill Lynch analysts agree that an all-out tariff war with taxes on almost all trade between the US and China would likely result in a renewed Chinese property boom.
That may end up extending the boost Australia's commodity producers have received from higher prices over recent months.
Source: Financial Digest (financialdigest.net)
Wrong wrong yet so right. 3mil card carrying members controlling 1.5bl people is where the problem lies , not sustainable
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