Chinese technology firms’ demand for office, research space surges as Beijing pushes for greater self-reliance amid US tensions

Source: South China Morning PostChina’s efforts to enhance its technological strength have resulted in surging demand for technology districts, according to real estate services firm CBRE.Investment in office space and research facilities in China’s technology parks topped 14.5 billion yuan (US$2.25 billion) in the first quarter of this year, hitting an all-time high.“The investment spree was a result of the central government’s guidance,” said Sam Xie, CBRE China’s head of research. “As the state leadership urges innovations…Read More

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