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Buying Into China's Land Rush

http://online.wsj.com Posted by Boomerang 347 days ago

Once known for drab, government-controlled housing and ancient courtyard homes, China has become a land of multimillion-dollar apartments and soaring property values. And foreigners are trying to get in on the action.

Real-estate prices in major Chinese cities have been shooting up at double-digit rates year over year, boosted by an economy that has been growing at more than 10% annually.

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