PODCAST: China property bubble burst could trigger global recession

Will Beacham

26-Oct-2021

BARCELONA (ICIS)–A global recession is on the horizon as China’s property bubble bursts, triggering a collapse in industrial and chemicals demand around the world.

  • Markets have reached tipping point where further price rises will not be accepted
  • Supply chain chaos is masking poor real underlying demand
  • Demand is relatively flat in Europe, US. China growth will slow dramatically
  • Overcapacity may cause price war for market share
  • Recession or downturn may be approaching
  • China property bubble is about to burst
  • Global manufacturing, including chemicals, relies on China demand

In this Think Tank podcast, Will Beacham interviews ICIS Insight editor Nigel Davis, and Paul Hodges, chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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