rty cooperation and political consultation. It is a major channel for socialist consultative democracy and a specialist consultative body.
As of 5 pm on March 7, political advisors had submitted 5,113 proposals since the session started on Marc
h 3, ranging from the “three critical battles” against major risks, poverty, and pollution, to developing socialist democracy.
A resolution on a work report of the Standing Committee of the CPPCC National Committee, a report on the exa
mination of proposals, and a political resolution on the annual session were approved at the closing meeting.
China will inevitably face an array of interwoven opportunities and challenges in 2019, the political resolution reads.
It calls on political advisors to follow the guidance of Xi Jinping Thought on Socialism with Chin
ese Characteristics for a New Era, and work to maintain stable growth, advance reform, make stru
ctural adjustments, improve living standards, guard against risks, and ensure stability.
factor in Chinese outbound investments in 2018. “If you are a company where real estate and property development is your ma
in line of business I think you will have a better chance of getting your foreign investment approved,” he said.
Despite the decline in Chinese investment, the US commercial real estate markets weathered the loss of capi
tal well. Because New York and San Francisco receive two-thirds of every Chinese investment dollar according to the
report, the effect of the falloff was limited, according to Barry Hersh, a real estate professor at New York University.
Overall, China fell to third in total foreign investment in American real estate behind Cana
da and Singapore, according to the report. Bitner said other sources of capital stepped in to fill the void. “Capital fro
m Canada, Singapore, Japan and South Korea is coming into the US market,” he said.