GlobeSt.com: Post 2006 restrictions, what is thelandscape for foreign investment there?
Dudek: China is trying to get a hold of itself.Prior to the new restrictions, it was possible to own real estatefrom offshore. That meant that there was really no approval processother than the mere transfer of land. At that stage the real estatebureau really had no capacity to consider the standing of who isbuying, and foreign investors could skirt the rules by which almostevery industry has to play. The new rules take that away and allowthe government to know who is investing where and how much, and itgives them the opportunity to say no.
GlobeSt.com: Much of the new restrictions revolvesaround the creation of foreign investment entities, no?
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
