Everyone panic. China has money and they like to buy stuff. Commence freaking out.
On the heels of a $250-million loan from the Bank of China, the punditry has come out with worries about China's purchasing power in the US. What are they buying? Where are they investing? When will it end? Will New York be the largest Chinatown in the US?
This has been, and presumably will go on, for some time. Not all the buying, but the warnings of China's world dominance.
There is a certain xenophobic flavoring to all these over-hyped concerns. China will be the only country which can afford Park Place and subsequently strong-arm the entire Monopoly board that is US commercial real estate. They will make us play by Chairman Mao-neybags' rules.
Go straight to the Bodies Exhibit.
Do not collect $100.
Do not pass Tiananmen Square.
This reminds me of Japan in the 1980s. The jokes abounded that the Japanese owned all of Manhattan. Last I checked, and I'm a resident, they do not. Because land isn't empire here, it's investment. When it's worth it for China to sell, they will. Just like the Japanese. Just the like Germans. Just like you and me. Or you, I don't own any office properties.
The thing to worry about is China's monetary manipulation. They won't own the Monopoly board, but they shouldn't be able to trade their 1s in for 5s whenever they want.
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