China: Why the housing market is China's achilles heel | David Woo

US China rivalry will extend into stock market performance in 2023. The US stock market outperformed the Chinese stock market in 8 out of the past 10 years. However, 2023 was supposed to be different: Between last November and this January, the Chinese stock market outperformed the US stock market by a whopping 40%. Wall Street consensus was that while the US was heading into a recession, the China economy was going to take off following the lifting of the lockdowns. If the biggest risk to the US stock market is higher inflation and interest rates, what is the biggest risk facing the Chinese stock market in 2023? What is the outlook for the Chinese housing market? Is there a Chinese housing bubble? With slowing Chinese export, will the Chinese consumers rise to the occasion? How will the Russia Ukraine war affect the relative performance of the US and the Chinese stock market in 2023? A former top-ranked Wall Street global macro strategist tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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China stock market news.