Quote:
Originally Posted by CaptainCrunch
Unless the Chinese open their markets more fully to American Goods, I can't see the U.S. government allowing this to happen. I mean its not like the Chinese would let the American's set up an economic sphere of influence in China.
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As long as the Chinese are following the US laws, what's to stop them from buying a large chunk of land and then developing it.
I think what we are seeing here is a major global inequality though. The Chinese are buying land/resources all over the world. Meanwhile many of the Chinese properties/resources remain nationalised and non-citizens cannot purchase land. The best you can do is lease land from the government (although 70 years seems to be the standard lease, which is a long time) and good luck getting through the red tape.
In order to combat skyrocketting real estate prices, the Western governments shoudl start following the Australian model. Limit property ownership to one property per non-citizen.