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Chinese Accelerate Their Exodus From US Real Estate
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Chinese Accelerate Their Exodus From US Real Estate
"After years of torrid money-laundering buying of US properties by wealthy Chinese, purchases of US commercial real estate by the Chinese tumbled last year to the lowest level since 2012, according to a new report by the Wall Street Journal. The fall came as a result of Beijing continuing to pressure Chinese investors to bring cash home, instead of allowing it to leave the country. Recall, we reported back in early December that Chinese firms had dumped $1 billion of US real estate in the quarter prior. ..."
https://www.zerohedge.com/news/2019-02-01/chinese-accelerate-their-exodus-us-real-estate
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