Beijing has set a debt limit on property firms -> deleveraging -> land sales plummeting. Weekly sales down more than 40% in Sep v. July -> will spill over into the construction industry -> future price of steel rebar has fallen by 5%
@hzsong
macropolo.org/analysis/q4202… https://t.co/QkhvZxA6bP
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by
June 26, 2022
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by far the most plausible explanation.