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World's biggest property buyers suddenly running short of cash

Beijing's Dec 31 rule change on foreign exchange catches Chinese buyers off guard

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Published Fri, Jan 27, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

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