NEW YORK, May 16, 2016 — In a discussion tied to the release of Breaking Ground: Chinese Investment in U.S. Real Estate, a new report published by Asia Society and the Rosen Consulting Group, Wendy Cai-Lee, Beth Fisher, Kai-yan Lee, John Liang, and Arthur Margon discuss the implications of this trend for the global economy. The conversation was moderated by Arthur Ross Director of the Center on U.S.-China Relations Orville Schell. (1 hr., 20 min.)

Breakfast available from 8:00AM
Discussion begins at 8:30AM

It is one of the most profound consequences of China’s growing wealth: Chinese investment in U.S. real estate has exploded, particularly in New York and California. Chinese nationals are now the biggest foreign buyers of American homes, purchasing homes valued at $93
billion in the past five years, including $28.6 billion in 2015 alone. Commercial property purchases have surged as well, to $8.5 billion last year, a 15-fold increase from 2010. And, at nearly $208 billion, China is the biggest foreign holder of U.S.-government-backed real estate bonds.

These are among the findings of a major new report, presented by Asia Society and the Rosen Consulting Group, that provides an authoritative, comprehensive, and one-of-a-kind accounting of Chinese investment stocks and flows into the U.S. real estate market. Join us for a special program on the report and its implications; speakers will discuss the report and provide context for the broader debate, too often ideological and acrimonious, over U.S.-China trade and investment.
 

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If you reside in the west coast of the U.S., Asia Society will have related programs on this subject on two different dates and locations: