Top US developers riff on future of Chinese investment, President-elect Trump
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From left: Sharif El-Gamal, Gil Dezer, Stan Gale Jr., Shang Dai, Scott Alper, Ziel Feldman, Don Peebles and Stuart Elliott
“One man with a big mouth does not change our values”: Peebles at TRD’s Shanghai forum
President-elect Donald Trump spent a good chunk of his campaign bashing China and promised to reset the United States’ relationship with the country if he came to power. But many of his fellow developers, gathered in Shanghai for The Real Deal’s annual showcase, said that despite his heated rhetoric, Trump is a pragmatist who understands the importance of Chinese investment, particularly in real estate.
“The reality is that our president-elect’s platform is absolutely pro-business and anti-regulation,” said HFZ Capital Group’s Ziel Feldman, who added that the industry had been waiting for the last eight years to have “friendly local governments backed by a friendly federal government.”