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Mainland Chinese to buy more overseas properties, IP Global says
By Juwai, 19 July 2012
Mainland Chinese are expected to buy more overseas properties in the coming decade, boosted by their increasing purchasing power and the renminbi's appreciation against major currencies, according to IP Global Ltd., a Hong Kong-based property investment consultancy. Jeff Pao reports for EJ Insight.
July 18, 2011 -- "More and more mainland Chinese are interested to buy overseas properties," Tim Murphy, chief executive and founder of IP Global, told Hong Kong Economic Journal's EJ Insight.
