Property News · May 30, 2019

Trump’s Huawei ban cools property deals in Shenzhen’s Bantian area popular with telecom firm’s employees


Chen Xiao is under severe pressure. The property agent in Shenzhen, home to telecoms giant Huawei Technologies and other Chinese tech stars like ZTE and Tencent Holdings, has not closed a single deal this month.With the escalating US-China trade war and Huawei banned from doing business in the US over security concerns, the darkening mood of the company’s employees has spilled over to the property sector.“May used to be my best month, as sometimes I would close up to six deals because Huawei…

Source : South China Morning Post
Read more…Trump’s Huawei ban cools property deals in Shenzhen’s Bantian area popular with telecom firm’s employees