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Construction has stalled at the unfinished Oceanwide Plaza in Los Angeles, California on Jan. 25, 2019, one of the biggest real estate development projects in downtown LA. Frederic J. Brown/AFP via Getty Images
As China’s real estate crisis continues to grow, the impact on U.S. real estate is starting to take shape. Much of the impact appears likely to be felt in California and New York, where Chinese investors own many large commercial buildings, and are the main backers of several high-profile development projects.
Lorenzo Puertas is a freelance writer in San Francisco covering China and U.S. topics for The Epoch Times. He loves liberty and personal responsibility.
