Last week,?we reported China is diversifying its US currency reserves out of Treasuries and into other assets. As part of the shift, they opened an investment office in New York.
The fund, SAFE, controls $3.4 trillion and?is focusing on US real estate, according to Bloomberg sources.
China may acquire properties, invest in real estate funds or buy stakes in
property companies, they said
Source: http://www.forexlive.com/blog/2013/05/27/chinese-fx-investments-to-focus-on-us-real-estate/
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