China – the buyers' strike in property
Friday's funding for buying inventories looks small. But with falling price expectations leading to a buyers' strike, it is a step in the right direction. This buyers' strike has cut construction. By keeping savings in the banks, it has lifted the S-I and CA surplus, and lowered velocity and CPI.
![China – the buyers' strike in property](/content/images/size/w2000/2024/05/China--Household-savings-and-investment----of-GDP-3.png)