A man works at a construction site of a residential skyscraper in Shanghai. Junk-rated Chinese real estate companies have been among the biggest winners in recent trading. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Dovish Federal Reserve policy spurs a rally, including in Chinese real estate, but it’s probably just a bubble

  • Nicholas Spiro says investors went overboard in selling off last year and are overcorrecting mainly due to a Fed policy shift, but weak fundamentals suggest the rally in Chinese stocks can’t be sustained

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A man works at a construction site of a residential skyscraper in Shanghai. Junk-rated Chinese real estate companies have been among the biggest winners in recent trading. Photo: AFP
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