Thread: Chinese Rush To Buy US Land And Industries

Chinese rush to buy US land

Updated: 2011-07-28 17:25
By Ben Yue (chinadaily.com.cn)
23 Comments

One Chinese office worker paid $8,800 through an online auction by chance and bought 1,000 square meters of land in Miami of US, the Guangzhou Daily reported on Wednesday.

The Florida-based seller, United Solutions of American LLC, said the land belonged to a company near bankruptcy.

Zhuang Nuo, the auction host from Chinese property agency Soufun International, said the land seller also put 100 pieces of 1,000 sq m land up for auction and will offer 30 US investment immigration application forms for the Chinese group buyers who spend more than $200,000.

The 100 pieces of land sold out on July 22 from 73 Chinese buyers. One of them bought 20 pieces.

http://www.chinadaily.com.cn/bizchina/2 ... 005190.htm

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Wal-Mart Stores Inc. has set up a Communist Party at the headquarters of its China operations, news reports said Monday.

The move follows the success of China's government-sanctioned union body in organizing unions at Wal-Mart's 68 outlets in China.

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Posted: Thu Jul 28, 2011 10:35 pm

"Zhuang Nuo, the auction host from Chinese property agency Soufun International, said the land seller also put 100 pieces of 1,000 sq m land up for auction and will offer 30 US investment immigration application forms for the Chinese group buyers who spend more than $200,000."

Ah, more "colonists".