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@ Layer3.news
2025-02-24 00:47:29
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgq602nll7gsn3uy643hcjkgauy99fzuwqhu9l3554nq5ad4g32wgvgsytrw
CHINA’S OFFICE PROPERTY MARKET OUTLOOK BLEAK AS FOREIGN FIRMS LEAVE IN DROVES
https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/canvas/2025/02/21/b4fafb77-88de-4ac0-84fa-ce163a1bc31d_0085ffb7.jpg?itok=taKTQpKy
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✍️ China's office property market is expected to face downward pressure this year due to rising tensions between China and the US, leading to an exodus of foreign companies.
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👉 Downward pressure on China's office property market is expected to persist this year
👉 Foreign companies are pulling out of China due to rising tensions with the US
👉 US law firm Cleary Gottlieb Steen & Hamilton is closing its office in Beijing's central business district
👉 A BlackRock fund forfeited two office towers in Shanghai's Lujiazui financial district due to failed loan repayment
👉 International companies are dialling back their presence in China due to declining profitability and opportunities
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#GuoShan #China #Beijing #Shanghai #US #business
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