Chinese Buyers Get Involved in U.S. Real Estate
Chinese money is becoming a major force in real estate around the world, despite the country’s current situation.
China has recently experienced a currency devaluation and a stock market crash. This has left many looking to invest in places other than their own country.
In the U.S., Chinese buyers began buying luxury condos in Manhattan and mansions in Silicon Valley, but they are now moving inward from the coasts.
Image via Flickr/Michael Coghlan