The US-China trade war will accelerate shifts in the global economic supply chain and Chinese outbound investment markets, according to thought leaders gathered at the PropertyGuru Asia Real Estate Summit. The trade war will see Chinese outbound investment driven into two trends, one being plunging demand for stateside residential products, according to Carrie Law, CEO of Juwai.com. "One is wait-and-see, do nothing. The other is a shift in demand into regional targets, into Southeast Asian countries," she said on the sidelines of the summit. "We can see that [buying] inquiries for U.S., as well as Australia as well, dropped by double digits. The growth in North Asian countries are also up," reports Property Report (15 November 2018).
