Developers discover room for growth overseas
By Hu Yuanyuan | China Daily | Updated: 2014-03-18 07:34
As more Chinese look for ways to invest abroad, the country's real estate companies are following the money, reports Hu Yuanyuan
Amid continued talk of a bursting domestic real estate bubble, Chinese property developers' overseas expansion has picked up steam this year.
Just during the first quarter this year, leading developers, including China Vanke Co Ltd and Greenland Group Co Ltd, announced plans to invest more than 50 billion yuan ($8.17 billion) overseas.
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