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Chinese Move Money Abroad as Economy Slows

The Chinese have been moving money abroad at record levels as China’s economy continues to slow, boosting real estate prices around the world while raising concerns.  In places like New York, Miami and London, Chinese investors are dominating the market for land and buildings, especially in the luxury sector.  Sam Chandan, a professor at the Wharton School of the University of Pennsylvania in the eastern U.S., said, “Chinese investors are the newest players on the scene, but...

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