Sep
28

Chinese Money Is Still Leaking Into the World’s Housing Markets

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  • Citizens bypass curbs to pump money into overseas property
  • Demand rises for cheaper homes amid tighter currency controls

Shanghai restaurateur David Hu said he’s nervous about wiring money to Australia for a home purchase because of China’s crackdown on currency outflows. Instead, he plans to carry the cash in a suitcase…

Chinese Money Is Still Leaking Into the World’s Housing Markets

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Categories : Real Estate

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