Chinese capital makes mad dash for the West
The giant whooshing sound you are hearing is the Chinese yuan emigrating to Western gateways. For the first time, the volume of Chinese capital being invested in western real estate has surpassed Middle Eastern capital, particularly with regard to Europe. But those yuans are circling the globe, and a good deal of them have been relocating to the United States as well.
That assessment from Real Capital Analytics executives Joseph Kelly and Simon Mallinson is based on the latest numbers compiled by their organization. Kelly and Mallinson made the pronouncement while being interviewed by David Snow, co-founder and CEO of PrivcapRE.
Having received government permission to invest assets outside their domestic market, China’s insurance companies and pension funds have been wasting little time spreading the wealth to Europe and the