In a post-COVID economy, which might arrive in China soon, commercial real estate experts are expecting growth from the tech, finance and cultural tourism sectors, according to a recent article on CNBC.
- First, China’s burgeoning technology giants are expanding. Social distancing measures and increased working from home are accelerating demand for e-commerce, as well as online games.
- Second, in the last two years, China has rapidly relaxed restrictions on foreign ownership of financial institutions in the country. Regardless of the coronavirus or trade tensions, the firms are looking to build out their presence in the world’s second-largest economy.
- Third, others point to further interest in a category known as “cultural tourism” in China that typically combines a historic or scenic element with hotels or even longer-term residences.