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CBRE: Real estate market welcomes “Phase-One” China-U.S. Trade Deal
Investors - DECEMBER 18, 2019

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CBRE: Real estate market welcomes “Phase-One” China-U.S. Trade Deal

by Released

China and the United States announced on Friday (December 13) they had agreed to the terms of a “Phase-One” trade deal. Although details are still emerging, reports indicate the agreement involves the United States reducing some tariffs on Chinese goods and China committing to purchasing a substantial volume of U.S. agricultural, energy and manufactured goods.

Media reported that the deal also addresses a range of other issues, such as intellectual property protection, technology transfers, currency devaluation, the opening-up of China’s financial sector and dispute resolution.

UBS expects the deal to help stabilize China’s GDP growth at around 6 percent in 2020. Fixed-asset investment in the manufacturing sector and foreign trade are likely to experience a mild recovery, while the RMB is expected to strengthen gradually and then stabilize.

What does it mean for real estate?

The Phase-One trade deal is expected to provide a short-

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