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China's US property trophy hunt begins

Waldorf Astoria deal invites inevitable comparisons with Japan's real estate binge of the 1980s

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The sale of the Waldorf Astoria by Hilton Worldwide to Anbang Insurance is the latest in a series of Chinese deals.

Hong Kong

ANOTHER New York landmark has fallen into Asian hands. The Waldorf Astoria hotel, home to visiting presidents and the backdrop to countless movies, has been sold to a little-known Chinese insurer for US$1.95 billion. The deal invites inevitable comparisons with Japan's US real