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The Western hemisphere’s relationship with China is growing day by day. Having thrown off the shackles of 50 years of communism, China’s quest for wealth is unquenchable. In an effort to encourage foreign direct investment, the Chinese government has relaxed its previously stringent laws, opening borders and doors previously firmly shut.
Until last year the result was a free for all in the property markets of Shanghai, in particular, and Beijing. Double-digit capital growth, and higher, was recorded annually for several years since the turn of the millennium. So rife was real estate speculation, the Chinese government initiated a serious of measures to cool an economy that was in grave danger of overheating.
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