China’s property development curbs will hurt real estate investments
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China's restrictions on overseas property development will hurt Australia's land sales and residential development but local developers may be able to mitigate the damage by filling the gap, developers and experts say.
The Chinese government has issued new guidelines to curb the global spending spree by Chinese businesses, banning investments in casinos and defence technology while restricting overseas property development and investments in hotels, sporting teams, cinemas and general entertainment.
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Source : China's property development curbs will hurt real estate investments