Chinese Tops in USA Real Estate 4th Year in a Row

An online auction of multi-million-dollar properties around the world — including one on Lake Winnipesaukee — is targeting wealthy Chinese real estate buyers. The Chinese have been the biggest foreign buyers of American real estate in recent years, and Concierge Auctions sent people to China to market the dozen-plus properties. In a news release, Conciege Auctions […]

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Expectations for China’s Economy in 2018

Once again it is time for reflections and resolutions. For China, which sailed through a difficult year safe and sound and with government promises of a more efficient and open economy, the country is ready to start a new journey. Despite some turbulence along the way, China’s economy ended 2017 stronger than expected: headline growth […]

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Property Purchase Restrictions Making Impact

China’s property sector accounted for a smaller proportion of the economy in the third quarter of this year, weighed down by purchase restrictions. Added value of the property sector amounted to 1.32 trillion yuan (nearly 200 billion U.S. dollars) in the July-September period, contributing 6.23 percent of GDP, according to a statement from the National […]

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Property Controls to Increase

With housing prices and sales stagnating in China’s major cities following tough property controls, smaller cities are starting to join in. Last weekend, property sales were restricted in several second and third tier cities as speculators shift their attention to these areas. Around 30 cities have introduced sales restrictions to different extents. In Baoding, a […]

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