China's rich swoop on homes overseas
By Hu Yuanyuan | China Daily | Updated: 2011-06-21 07:57
|
Estate agents' signs on buildings in London. Overseas nationals purchased 28 percent of the resale properties across all prime sites in the British capital last year. Paul Hackett / Bloomberg |
BEIJING - An increasing number of China's rich are snapping up properties overseas in the expectation that domestic inflation will continue to rise after the consumer price index reached a 34-month high in May.
Photo
