Just a few years ago, there was more optimism around China’s economic outlook – an extended (though moderating) growth cycle, an ambitious Belt and Road Initiative, and a visionary goal of “Made in China 2025” – made the country a target for global investors.
Then came the US-China trade/tech war, and more recently COVID-19, marking China’s first economic contraction since 1976. How will China’s role change on the global stage post-crisis and what does it mean for Chinese real estate? In this time of pervasive uncertainty and volatility, it is particularly important for investors to distinguish between near-term impacts, which make investors hesitant to make investment decisions, and the structural drivers underpinning longer-term growth.
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