The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.
prepare to meet this week, there are worries that decline in spending could extend further.
among Chinese foreign property buyers. But that's increasingly less of a sure thing amid the escalating trade tensions and China's tighter controls on money leaving the country.has been dragging on for just over a year, "Chinese buyer enquiries for US property were down in four out of the five last quarters," said Juwai.com CEO Carrie Law.
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017.In January 2019, the U.S. Department of State issued a travel warning on China, suggesting citizens visiting China to "exercise increased caution in China due to arbitrary enforcement of local laws as well as special restrictions on dual U.S.-Chinese nationals." China then respond by issuing ain June for Chinese citizens and companies in the U.S.
Neil Brookes, Asia Pacific head of capital partners at Knight Frank told CNBC last week that Chinese outbound capital fell 83% in 12 months, "largely due to trade wars and the government trying to stop money leaving the country."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Agriculture secretary says U.S. farmers are 'casualties' of trade war: CNNU.S. Agriculture Secretary Sonny Perdue acknowledged that American farmers are &...
Read more »
Agriculture secretary says U.S. farmers are 'casualties' of trade war - CNNU.S. Agriculture Secretary Sonny Perdue acknowledged that American farmers are "casualties" of President Donald Trump&39;s trade war with China, according to an interview broadcast on Tuesday. Perdue told CNN he did not expect a trade deal to be reached when Trump meets with Chinese President
Read more »
FedEx, embroiled in U.S.-China trade war, sues Trump administrationFedEx says holding it responsible if its customers ship U.S. tech to Huawei is unreasonable. Meanwhile, China is preparing to blacklist it.
Read more »
UnitedHealth buys PatientsLikeMe, which faced Trump administration scrutiny over Chinese investorPatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.
Read more »
Trump’s trade wars thrust farmers into desperation loansTrump’s trade wars are pushing America’s rural economy toward a full-blown meltdown after years of financial hardship, and it's causing more farmers to default on loans while putting the squeeze on agricultural lenders
Read more »
Nokia not immune to impact of trade war uncertainty, says its China presidentFinland's Nokia Oyj is not immune from the trade war between the United Sta...
Read more »