Chinese buy 8000 apartments in the United States to lure American media in uproar

The total cost of 480 million dollars, home purchase funds allegedly from its China project "Caixin Network" (Comprehensive media reports) from China's capital has quietly entered the U.S. real estate market? Mr. Liu, a U.S. citizen born in China, has bought about 8000 apartments in the US for 480 million dollars this year, making it one of the biggest buyers of U.S. rented apartment buildings, the Wall Street Journal reported.　　The purchase money comes from its China project. reported that Mr. Liu in Beijing and other cities have several sets of apartments and several commercial real estate projects.　　Mark Osgood, an American adviser to Mr. Liu, said Mr. Liu had Osgood to buy American property after he registered standard portfolios in California late last year. Because the company is registered in California, Mr. Liu's investment will not be included in U.S. real estate foreign investment. Reports suggest that some analysts expect Chinese banks and institutions with huge capital to enter the U.S. housing market through intermediaries. China's investment in U.S. commercial real estate is only $62.6 million trillion this year, according to investment statistics based in China, the 12th place in the world. (Caixin reporter An Shu)