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Chinese big spenders are curbing their offshore property shopping as tougher capital controls bite

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Chinese property buyers are spending less in their offshore purchases in Sydney, London and New York, as a tightening of China’s draconian capital control regulations in the past year has reduced the amount of money they can remit overseas, sales agents said. “People who may have been looking for a…

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Click here to read the full story: South China Morning Post

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