
“While wealthy Chinese home buyers have pulled back on U.S. purchases in recent months amid the market turmoil at home, investors looking for commercial property have kept buying aggressively, brokers said. Many have centered on unlikely investments such as small office buildings, chain hotels and other nondescript properties in and around big U.S. cities, seizing an opportunity to place greater sums of money outside their government’s reach. China’s middle-class families, meanwhile, have received attention for their purchases of individual homes and condo units in U.S. cities. Those transactions could be cooling, too, as Beijing tries to keep money from exiting the country.”
Related posts:
81 gold coins found during pub work
Global Debt Exceeds $100 Trillion as Governments Binge
Why does America have such a big prison population?
China credit crisis fears as central bank injects funds
World’s first Bitcoin ATM exceeds $1M in transactions within one month
Too much gold around the house? Store it at Texas' new precious metals depository
Economist Withdraws Bank of Israel Candidacy
Russian Brokers Gain From Crisis, Trading From the Beach
Greece: Crony Capitalists Will Squeeze You and Freeze You
Venezuela issues ID cards to curtail food hoarding
Powerless and clueless: 684 million Indians without power
Speed trap city facing dissolution after mayor caught selling drugs
The Troubled Greek Bailout Process Lurches Forward
Former Sheriff Speaks Out Against Federal Gun Laws
Japan and China step up drone race as tension builds over disputed islands