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Chinese money seeping into world's housing markets

Models of homes at an overseas property expo in Beijing. Brokers say China's curbs have prompted buyers to look for cheaper homes in smaller cities.


SHANGHAI restaurateur David Hu said he's nervous about wiring money to Australia for a home purchase because of China's crackdown on currency outflows. Instead, he plans to carry the cash in a suitcase.

The 61-year-old intended to move about A$85,000 (S$90,436) to Melbourne...

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