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War on corruption drives money away to Australia

By Reuters in Sydney | China Daily | Updated: 2014-08-18 07:25

Property market surges as wealthy Chinese seek to escape scrutiny

More wealthy Chinese are moving their money out of China to invest in Australia's property market as a corruption crackdown in the world's second-largest economy gathers momentum, according to property consultants and lawyers.

They said their clients have told them they have legitimate funds to invest but were concerned about being caught up in an investigation that could include dozens of associates of the main target.

War on corruption drives money away to Australia

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