China faces real-time property market collapse, Daniel Lacalle warns

China faces real-time property market collapse, Daniel Lacalle warns
China real estate bubble is bursting

Daniel Lacalle, chief economist / investment manager at Tressis Gestion, states that the Chinese real estate bubble, which he describes as the largest credit-fueled property mania of the last 20 years, is currently bursting.

He argues this development is severely impacting investment, domestic demand, and the foundation of household wealth in China.

Lacalle has also commented on market developments outside China. He recently noted that S&P 500 futures hit a new record after a strong rally in the U.S. market. Elsewhere, he highlighted the growing influence of hyperscalers debt over sovereign debt and its effect on the gold outlook.

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