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Beijing has thrown everything plus the kitchen sink at China’s real estate to keep it from overheating. But a new mini-QE program at the central bank, coupled with the hundreds of millions of dollars majority shareholders have made in real estate this year means there’s simply tons of money floating around China right now.
Hong Kong housing equity started off the month of May hitting a fresh one-year high. It also has Shanghai housing prices on the upswing despite a sales decline. And Chinese conglomerates continue shopping the world for real estate. Boston was the latest shopping spree for two of China’s biggest insurers.
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