John Pomfret examines the remarkable history of the two-centuries-old relationship between the United States and China, from the Revolutionary War to the present day.
Breaking Ground: Chinese Investment in U.S. Real Estate - Northern California
The Asia Society Northern California hosts a panel discussion on a new report on Chinese investment in the U.S. real estate market.
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. For more information on the report, visit AsiaSociety.org/ChinaRealEstate
Please join us for our launch events in New York (May 16) and Los Angeles (May 25).
Arthur Margon, Partner, Rosen Consulting Group
Darlene Chiu-Bryant, Executive Director, ChinaSF (moderator)
Additional speakers TBA
5:30 - 6:00 pm: Registration
6:00 - 7:30 pm: Discussion and Q&A
7:30 - 8:00 pm: Reception & Networking
Asia Society thanks its generous report sponsors:
Silver Sponsors: Blank Rome, Crescent Heights, East West Bank, Mansion Global
Bronze Sponsors: Gensler, Pacific Union, TMG
About the Author:
Rosen Consulting Group is the leading independent real estate economics consulting firm. Founded in 1990 and with offices in Berkeley and New York, RCG provides strategic consulting and unbiased investment guidance through all market cycles. RCG is a trusted advisor to leading banks, insurance companies, institutional investors, and public and private real estate operators.
The USC U.S.-China Institute presents a talk by Lenora Chu, whose new book explores what takes place behind closed classroom doors in China's education system. Chu’s eye-opening investigation challenges assumptions and considers the true value and purpose of education.
The USC U.S.-China Institute, USC Pacific Asia Museum, and USC Shoah Foundation present a screening of the film Above the Drowning Sea, the story of the dramatic escape of European Jews from Nazi-controlled Europe to Shanghai on the eve of World War Two. Followed by a panel conversation.