Disappointing returns cool China's infrastructure REIT craze

Disappointing returns cool China's infrastructure REIT craze

FILE PHOTO: A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song

The boom in China’s fledgling market for publicly offered infrastructure-focused real estate investment trusts (REITs) appears to be faltering, as bets on short-term high returns fail to pay off.