IT'S TIME | China’s property market is ‘imploding’

China’s property market is “imploding”, Judo Bank Economic Advisor Warren Hogan says.

China recently announced it would be cutting its key interest rates at a time when most of the world is lifting theirs in response to growing inflation.

“It’s a very complex web of financial interactions,” Mr Hogan told Sky News Business Editor Ross Greenwood.

“Developers are in trouble; financiers are in trouble and of course what I think … worries for the government is there is a lot of savings wrapped up in that market so they are trying to really take some pressure off that property market and of course take some pressure off the broader economy.”

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