Business / Special Coverages

Chinese rushing for overseas properties

Updated: 2014-01-22 11:02 (

Migration for investment in overseas real estate markets has become a top choice for Chinese applicants, according to a report on China's migration status released on Wednesday.

The Annual Report on Chinese International Migration 2014 shows that a growing number of Chinese investors are rushing to go abroad in order to buy properties and establish permanent residence in places like Europe and North America.

The report, put out by the Center for China and Globalization and the Social Sciences Academic Press, notes that in 2011, China became the second-largest overseas property buyer in the United States. In addition, 20 to 40 percent of overseas buyers in Toronto and London are from China.>>>

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