RWR Data Referenced in Financial Times Article on BRI-Related Real Estate Investment
On March 31, research by RWR on Chinese real estate investment in BRI countries was referenced by the Financial Times. RWR found that that such activity decreased from $23.6 billion in 2016 to $14 billion in 2018, and that investment in 2019 has not yet reached $1 billion. RWR COO Andrew Davenport told the Financial Times, “It dose appear including in commercial real estate development projects in BRI countries, that a noticeable slowdown, or an effort to discipline, occurred. There was a degree of concern about capital flight, and perhaps, in general a sense that the exuberance and blank-cheque approach to BRI by state-owned enterprises and policy banks was reeling a little bit out of control.” https://www.ft.com/content/49bdc916-5033–11e9-b401-8d9ef1626294