Property News · July 9, 2019

Expat demand for Beijing’s luxury serviced apartments falls as foreign firms scale back their Chinese operations


Beijing’s luxury serviced apartments market is set to take a hit from an increase in supply and a drop in demand from expatriates as foreign firms scale back their Chinese operations, according to observers.Foreign businesses, particularly manufacturers, have been losing market share in China under stiff competition from local companies in recent years. Many have moved their production facilities out of the country because of cost concerns, a trend exacerbated by the threat of higher tariffs…

Source : South China Morning Post
Read more…Expat demand for Beijing’s luxury serviced apartments falls as foreign firms scale back their Chinese operations

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