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Chinese Politicians Are Buying Billions In U.S. Real Estate

 
Anonymous Coward
User ID: 28678631
Thailand
02/13/2013 06:51 AM
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Chinese Politicians Are Buying Billions In U.S. Real Estate
As China’s new leaders intensify a campaign to root out corruption, thousands of Communist party officials have been panicked into a fire sale of their illicit properties while billions of pounds have been smuggled overseas.

It said the volume of deals had intensified by “a hundred times” after Xi Jinping, the incoming Chinese president, warned that corruption could kill the Party and put one of the country’s most vigorous and resolute politicians, Wang Qishan, in charge of stamping out graft.

It also claimed that an astonishing $1 trillion (£630 billion), equivalent to 40 per cent of Britain’s annual GDP, had been smuggled out of China illegally in 2012.

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[link to www.zerohedge.com]
Anonymous Coward (OP)
User ID: 28678631
Thailand
02/13/2013 06:54 AM
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Re: Chinese Politicians Are Buying Billions In U.S. Real Estate
In the United States, the National Association of Realtors said that more than $7 billion of properties had been bought by Chinese in the US last year. Some high-end homes are now specifically built for rich Chinese with ponds for koi carp and a second kitchen for pungent cooking.

Nostradamus maybe right in saying " the yellow race will inherit the place"
Anonymous Coward
User ID: 33389306
United States
02/13/2013 08:44 AM
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Re: Chinese Politicians Are Buying Billions In U.S. Real Estate
In the United States, the National Association of Realtors said that more than $7 billion of properties had been bought by Chinese in the US last year. Some high-end homes are now specifically built for rich Chinese with ponds for koi carp and a second kitchen for pungent cooking.

Nostradamus maybe right in saying " the yellow race will inherit the place"
 Quoting: Anonymous Coward 28678631


I don't believe "race" and "place" rhymed in old French.

There should be some houses available for sale from orthodox Jews. They often have two kitchens, because they think Leviticus requires them to keep meat and milk separate.

It doesn't really say that, but they do it anyway. I saw such a house once. It had two complete kitchens just for that reason.
Anonymous Coward
User ID: 27945631
Canada
02/18/2013 08:03 PM
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Re: Chinese Politicians Are Buying Billions In U.S. Real Estate
good!!!! anything to make them STOP buying in Canada. they screwed up the real estate in Canada big time. they let all the rich Chinese buy up property like it was hot cakes. it resulted in sky high real estate prices. a small house cost nearly one million dollars.

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