'Whipsaw' risk for Auckland house prices as Chinese economy slows

Thu, 16 Jul 2015

By Pattrick Smellie July 16 (BusinessDesk) - The Auckland property market could suffer a 'whiplash' correction if current high capital outflows from China are curbed by the Chinese government, says an economist with a global investor client base. Andrew Hunt of Hunt Economics told BusinessDesk he believes the Chinese monetary authorities are already starting to close the avenues through which large quantities of Chinese private investment capital has been leaving mainland China in recent times in response to a sluggish local economy and b...

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