Chinese buyers target US homes
A modern-day Chinese emigration wave is already underway, and the US is their preferred destination, with buyers snapping up $11b worth of US properties last year.
A modern-day Chinese emigration wave is already underway, and the US is their preferred destination, with buyers snapping up $11b worth of US properties last year.
Bich Ngoc, who earns less than $60 a week, cobbled together four months of savings to buy the latest iPhone so she could impress her colleagues.
For years, wealthy Chinese have been transferring billions overseas to buy pricey real estate, despite their country's currency restrictions. How are they doing it?
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