Chinese Investments in U.S. Commercial Real Estate Surges

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Chinese Investments in U.S. Commercial Real Estate Surges

It took just one 15-minute phone call in July to persuade Ifei Chang to join Shanghai-based developer Greenland Holding Group Co. and lead a U.S. expansion. Within three months, she was running $6 billion of projects as part of a record push by Chinese investors into American property.

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Developers spread their wings overseas

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Developers spread their wings overseas

In the first two months of this year, more than five leading developers, including Vanke Co and Greenland Holding Group, announced foreign investment plans totaling more than 50 billion yuan ($8.17 billion, 5.9 billion euros). This trend will continue and even strengthen throughout the rest of this year, even though Chinese developers expanding overseas is still at an early stage, analysts say.

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