China’s richest people are stepping up investment in US real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said on Tuesday.
The report by China Merchants Bank and the consulting firm Bain & Company in China reflects uncertainties about abrupt shifts in an economy in which growth slowed last year to 7.8 per cent from the past decade’s double-digit rates.
via Business feed http://www.scmp.com/news/china/article/1232307/rich-chinese-look-abroad-preserve-wealth
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