In many parts of China, warehouses and industrial parks that were once attractive to international investors are experiencing a significant slowdown. A $100 billion investment in China's economy has soured as warehouses remain empty. Average vacancy rates at logistics properties in east and north China are approaching 20%, the highest in years, according to Bloomberg. The construction of more warehouses is exacerbating the problem, leading to a reversal of the logistics boom in the country.
The China logistics boom has gone into reverse. Look at those vacancy rates https://t.co/fgwSyrzkU7 via @economics https://t.co/qfaD5lIgrA
1/4 Bloomberg: "Average vacancy rates at logistics properties in east and north China are approaching 20%, the highest in years. More warehouses are being built, which is making the problem worse." https://t.co/shJqQncLg2 via @economics
A $100 Billion Bet On China’s Economy Sours As Warehouses Empty - BBG https://t.co/ifg2XI18qr
A $100 Billion Bet on China’s Economy Sours as Warehouses Empty https://t.co/9xO3x3iitZ
In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown https://t.co/cqbA8b2WKp