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Is the U.S. Lagging in the Race for Chinese Investment?

Uncategorized // Jun 25, 2014

Wall Street1

With Chinese buyers officially surpassing their Russian counterparts as New York City’s leading demographic of foreign home buyers, industry professionals continue to keep a pulse on the opportunity to reach this increasingly powerful group. This week, Forbes contributor Michael Cole provided readers with an interesting narrative, chronicling how the United States stacks up against the United Kingdom in reaching Chinese investors. According to Cole, “the United Kingdom seems to be winning the battle for the hearts and wallets of China’s biggest property buyers, despite the recovering U.S. market.” With real estate at the forefront of investment interests, Chinese insurers boast almost $1.19 trillion in available assets to spend in global markets. With these figures in mind, it’s no wonder why both the United Kingdom and the United States are competing to attract China’s growing number of investors.