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| Shaun Rein |
The South China Morning Post:
The remaining hotel is located on a peninsula that’s also home to the US naval base Coronado. The military facility comprises eight installations that lie on either side of the hotel, including an amphibious base, landing fields, and warfare training centre.
It’s one of the main training grounds for the special-operations Navy SEALs, Bloomberg reported.
“People are over reacting and there is great fear about Chinese companies expanding their investment in the US, particularly at a time when the presidential election is setting up China as the bogeyman...this is apparently has acted as a damper to Anbang’s purchase attempt,” said Shaun Rein, managing director of Shanghai-based China Market Research Group.
More in the South China Morning Post.“For Anbang itself, credibility remains a challenge as their retreat from the Starwood deal has triggered doubts into their real intention and ability, while the lack of transparency of the company’s ownership structure remains another major concern,” he added.
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.
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