Chinese Investors goes shopping in U.S. and Canada
The New York Post reported the Chinese Ministry of Commerce will be bringing 400 executives to the U.S. and Canada next month to shop for distressed assets. Any significant buying by Chinese investments would further bolster Beijing’s presences in the US economy.
While it remains unclear which specific companies might be targeted, but it looks like the Chinese have strong interest to take advantage of the weakened North American auto industry.
Last month the “U.S. Real Estate Investment Expo” in Beijing attracted thousands of serious potential private investors looking for discounted real estate in the US. Although the first quarter export figures of China dropped more than 10% in the first quarter of 2009, but its GPD remains stronger than most other countries in the world.
This could be a sign that smart investments are sensing the timing to enter the U.S. real estate market is coming sooner than some economist many predict.