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China’s Rich Become Biggest Foreign Apartment-Buyers in Manhattan, AlJazeera America

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Aljazeera America
“There is significant political upheaval. President Xi Jinping is looking to clean house,” said Arthur Dong, an economics professor at Georgetown University who focuses on Chinese business trends, referring to Xi’s effort to crack down on graft in the public sector. Beijing’s ongoing anti-corruption campaign has seen federal and local officials unseated, their assets seized and some sent to jail.