Are Chinese buyers about to abandon U.S. property?

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Although real estate agents in the U.S. might enjoy the fact that Chinese buyers have such a love affair with U.S. property, the Chinese government's feelings on the matter are rather different. The Wall Street Journal reported this week that Chinese officials were trying "by stealth" to slow an unprecedented exodus of funds out of the country. Banks in China have allegedly increased scrutiny of foreign-currency transactions by businesses -- including Chinese entrepreneurs investing abroad and companies paying overseas bills. And some property advisors of Chinese investors in the U.S. housing market said they were feeling the slowdown in interest from Chinese investors after the banks' efforts. Bing Wu, founder and president of Doorhu, the real estate portal that helps Chinese investors make tailored property searches in the U.S., said he's seen evidence. "Last weekend we attended an overseas property investment show in Shanghai," he said. "We and others at the show booths ...