Proposed Texas law could drive away Chinese immigrants who thrive in southwest Houston, Katy
Texas business and community leaders worry the proposal could dissuade top talent in high-tech and healthcare fields from taking jobs in the state. Not only could that erode the vibrancy of Houston’s Asiatown or Katy’s Asian Town, they argue, it could diminish Houston’s standing as one of the most diverse cities in the country — a key marketing point — and dent Texas’ reputation as a business-friendly state.
Over the past several years, Yu and his wife, Claire Liang, have established a thriving real estate business in southwest Houston, working with hundreds of Asian American clients every year. Yu estimates about 20 percent to 30 percent of his clients are Chinese citizens, and most are purchasing primary residences.she plans to amendThat change still could hamper many immigrants’ ability to invest in Texas, Yu said.
Others note the bill does not differentiate between the Chinese government and individual Chinese citizens. In commercial real estate, Dallas attracts the lion's share of foreign real estate investment in Texas, with international buyers acquiring $3.3 billion in commercial properties in the 12-month period ending in the third quarter of
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