An article in the New York Times highlights the fact that Chinese money is continuing to pour into the United States. Even though they has been a recent currency devaluation and stock market crash, which may have limited the country’s buying power overseas, the uncertainty created by these events has prompted many companies and individuals
Chinese Developers Feel the Pinch
August 12, 2011 by
Measures taken by the Chinese government to cool its real estate markets seem to be having an impact, with Xinhua News reporting the inventories of the country’s major property developers surged over the last six months. According to Wind Information, a data analysis firm based in Shanghai, total inventories skyrocketed to $49.65 billion worth of
