This year, Chinese families represented for the first time the largest group of overseas home buyers in the United States. Big spenders on new homes are helping prop up local economies in the Midwest...The interest from Chinese buyers is reshaping demographics in Texas. — NYT
As Part II of a series of articles exploring how China's financial heft and economic clout influence the world, Dionne Searcy and Keith Bradsher illuminate how Chinese real-estate investors are driving prices and development not just for "luxury condos in Manhattan and McMansions in Silicon Valley" but "mini-mansions" in Plano or Corinth.
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