China’s buyers defy the law to satisfy thirst for foreign homes

Citizens spent $40bn on overseas housing in 2017 despite Beijing’s ban. For Chinese citizens, it is theoretically illegal for them to move money out of the country to buy property. However, judging from the crowds at the Luxury Property Showcase, an international property fair that tours Chinese cities, you would hardly know. More than 12,000 buyers flocked to the latest …

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