According to The Street, Chinese investors are seeking refuge in the United States real estate especially insurance companies that stand to premiums up to $ 3.32 trillion in 2020. Apparently, these companies are they looking for solid returns after China's stock markets suffered a recent setback and its currency being hit. In August, China devalued its own money to try to soften the blow of falling 8 percent on the Shanghai Stock Exchange.
Wealthy Chinese with various entities of money from his country are the target of stable and reliable investments especially in commercial and residential income generating projects compared to luxury properties that are considered for personal use. This is according to Edward Mermelstein who is a veteran of 20 years of age, consulting for clients in the real estate business. This game plan is similar to the game "Monopoly", where players pay to acquire money-making real estate such as hotels and houses. "There is an argument that is a flight to safety," said Mermelstein. "This is largely a flight to safety," he said.
This movement is consistent with the pouring investment in Europe and the USA by Chinese investors with a significant purchase in the last couple of years it is becoming a beacon of hope for many of them - the acquisition of the Waldorf Astoria in New York by an insurance company Anbang of $ 1.95 billion.
Meanwhile, in The Guardian, President Barack Obama is reportedly not staying at the Waldorf Astoria the UN General Assembly in October. The White House, however, refused to confirm if the reason for skipping the traditional hotel of many presidents of the United States is the fear of espionage by Chinese-owned hotel now.
The real estate market in the United States is at the center of a new brewing crisis, but unlike his usual playing bully in the world economy, this time is seen as a source of hope for Chinese investors looking for a stable place to dump your wealth.