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Market Chatter: Property Woes Hurt Chinese Firms' Global Expansion Plans

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Chinese firms' global expansion plans face obstacles as companies experience difficulty in securing office, logistics, and retail space, the South China Morning Post reported Monday, citing property services company JLL.

Eighty-two percent of corporate respondents in JLL's survey said they ended up paying more than expected for property rentals or purchases, or wasting time with botched searches, the report said.

Electric vehicle manufacturers, consumer product companies and other companies that took property missteps could hurt their reputation, face talent recruitment difficulties, and increase logistics costs, the SCMP quoted JLl China research head Daniel Yao.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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