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Another factor to take into consideration, he said, is that the global economy no longer supports Latin American expansion as it did before, since the stronger dollar, which has affected emerging currencies like the Brazilian real and the Mexican peso, makes financing more expensive.

Another report of property consultancy firm CBRE in September showed office submarkets contributed 54 percent to overall net absorption in Beijing from 2016 to 2018 annually on average. The figure was 31 percent from 2013 to 2015.

Apart from tapping a bigger market and talent pool in the Guangdong-Hong Kong-Macao Greater Bay Area, of which Shenzhen is part of, Lee said Southeast Asian companies can use the city as a venue to raise capital by listing in the Hong Kong bourse.

Annual output from the Parlak alone is now over 600,000 sq m, with the revenue from exports to Central Asia surpassing 20 million yuan (.14 million), according to Karim.

Anthony Saich, a professor of International Affairs at Harvard Kennedy School, who joined the discussion at the forum, said the impact of a trade war has been underestimated.