China Crisis? Outbound Investment To Stay Stagnant And Economic Uncertainty Grows
January 22, 2019

China Crisis? Outbound Investment To Stay Stagnant And Economic Uncertainty Grows

Don't miss Todd Chapman, Erik Hayden, Mark Stern, Mike Ballard and more at Opportunity Zones 101 | Feb. 6

In the snowy climes of the 2017 Davos World Economic Forum, Chinese President Xi Jinping raised the prospect of China becoming the leading force of globalisation. Xi used U.S. President Donald Trump's decision not to attend the conference as an opportunity to position China as an outward-facing agent of global trade.

China's real estate investors had been working to make their president's message a reality. Mainland Chinese firms invested a record $41.5B outside of their own country in 2016, according to Real Capital Analytics, and in 2017 they topped that, spending $42.5B abroad including CIC's €12.25B ($14B or £10.8B) purchase of Logicor, the largest deal in European history.

Fast forward to January 2019 and the first day of Davos and the picture is altered completely. China is dramatically more inward-looking. The country is locked in a trade war with the U.S. Xi and the ruling Communist Party have reined in outbound investment flows.

The U.S. and UK real estate industries have reason to be nervous.

Chinese investment into other countries fell by 45% to $23.6B in 2018, the lowest figure since 2014, according to provisional RCA data. When Hong Kong is taken out of the picture, outbound investment is down more than two-thirds. In the…

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