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The Wall Street Journal

Chinese language Companies Flee U.S. Business Actual-Property Market After Huge Property Bets Bitter

Chinese language corporations for years have been among the many most aggressive patrons of U.S. luxurious lodges, workplace towers and different business actual property. Now they’re operating for the exits.

Chinese language corporations have offered a web $23.6 billion of U.S. business properties for the reason that begin of 2019, based on information supplier MSCI Actual Belongings. That marks a dramatic turnaround. Between 2013 and 2018, Chinese language corporations have been web patrons of practically $52 billion of U.S. business properties, based on MSCI. 

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