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From the article, the CEO and director of Juwai.com explains it as a result of "a combination of anti-Chinese political rhetoric, a clampdown on visa processing
by Hates_ 7y ago
From the article, the CEO and director of Juwai.com explains it as a result of "a combination of anti-Chinese political rhetoric, a clampdown on visa processing, and of course tariffs".
- whamlastxmas 7y agoDoes he have something to back up that claim, or is it just his opinion?
- tehlike 7y agoMy simplistic view is foreign buyers want to buy because of stability in the us market, and as a way to park their money away from their government. The simplest reason i can think of is due to tariffs rmb lost value compared to us, making us housing tad bit more expensive. But housing market has dropped a bit to make up for it. I am not fully convinced.