One day it was raining yuan on Los Angeles and the next it was gone. The promise of a gilded age of Chinese investment in L.A. real estate — sparked by deals like Dalian Wanda’s $420 million purchase of a Beverly Hills development site and Greenland’s massive $1 billion Downtown L.A. Metropolis project — has given way to a much harsher reality. One that features a whole lot less yuan. Restrictions on China’s capital outflow, […]
source https://therealdeal.com/la/issues_articles/a-superpowers-big-exit/#new_tab
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