China Supports OBOR Globalization, Tightening Outbound CRE Investments

Kai Wang, Carlsmith Ball partner, advises on Chinese investments.

NEW YORK CITY—Seeing the reality TV-like drama from Washington, DC as “ludicrous,” coupled with US anti-globalization policies, from the Chinese perspective this is an opportunity to rise in world leadership. Kai Wang is a partner and the chair of the Greater China practice group in the Honolulu office of Carlsmith Ball. She focuses on real estate and is an expert on Chinese investments. She explains why China’s current political and economic plans are not supportive of Chinese investors’ love of New York City real estate.

Wang notes the Chinese president, Xi Jinping, has said eliminating wealth disparity in China is the government’s top priority and he plans to do that with economic growth. Xi continues to emphasize China’s ambitious “One Belt One Road” plan. The far-reaching undertaking aims to recreate and update the ancient Silk Road trading route from Africa, Europe the Middle East and Asia, linking more than 60 countries with infrastructure and technology. The United States and New York City are not part of the route.