Who has financed all this vacant Beijing Real Estate?
Any cursory examination of Beijing’s skyline in 2008-2009 will reveal that commercial buildings such as general office, retail space and hotels have been sprouting up like weeds. As the Olympics wound down and the Global Financial Crisis deepened, it was clear to all that the vacancy rate for these mamoth buildings is very high. Beijing is oversupplied with commercial real estate by an estimated 14 years of optimistic growth. One needs to wonder who financed these buildings and how will they recoup their investment. It seems like the heard mentality has prevailed.
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An Explanation of the Oversupply of Beijing Commercial Real Estate
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Ryan has a great blog called Lost Laowai and writes from China. One of his readers contacted him about a dire situation he faced. The thread is documented here: What to do when your Chinese ex-wife runs away with your child?. Situations such as these seem common enough that they surface from time to time from different countries but always remain under the radar of the international news services. They apply not only to children but to adults as well. If you are living abroad, you start a family and have kids, be aware of these supposedly well known international laws or you might be in for a huge shock when this go badly wrong.
