Sep
28
Chinese Money Is Still Leaking Into the World’s Housing Markets
By-
Citizens bypass curbs to pump money into overseas property
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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