Beijing
CHINA'S escalating crackdown on capital outflows is sending shudders through property markets around the world.
In London, Chinese citizens who clamoured to purchase flats in the city's tallest apartment tower three months ago are now struggling to transfer their down payments.
In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the year. And in Sydney, developers are facing "big problems" as Chinese buyers pull back, according to consultancy firm Basis Point.
"Everything changed'' as it became more difficult to send money offshore, said Coco Tan, a broker at Keller Williams in Cupertino, California.
Less than a month after China announced fresh...
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