Chinese Dumped $one Billion of US Real Estate in 3rd Quarter, Extending Current Retreat – Wall Street Journal




Chinese traders offloaded much more than $one billion in U.S. real estate in the third quarter, extending their new retreat from lodges, office properties and other foreign house less than force from Beijing to cut down personal debt and curb income sent overseas.

Insurers, conglomerates and other large traders in China offered $one.05 billion really worth of U.S. real estate in the third quarter, though paying for $231 million of house, in accordance to facts agency Serious Capital Analytics.