Microblog insights

Topic 1: Wealthy Chinese are spending billions of dollars in purchasing luxury real estate in the United States. In consequence, US property developers have begun to attach more importance to elements such as feng shui and lucky numbers to cater to Chinese buyers. Last year, a businessman from Shanghai bought 17 apartments in Artech, Miami, Florida, for a total of $14 million. Artech is a cruise ship-shaped modern glass building that overlooks the intra-coastal waterway, according to the official micro blog of The Wall Street Journal's Chinese version.

SHOUJIACOUNCILORPENGPING: These wealthy Chinese buyers make money in China and contribute to consumption in the US. How great their spirit of internationalism is.

LAOQIJASON: $14 million for 17 apartments means the average price is $820,000 for each one. I think it is a bit of an exaggeration to call them luxury homes.