Chinese investors, who have trawled the world for distressed car brands and cheap commodity assets since the beginning of the global financial crisis, will now take a shopping trip to Dubai to look for property bargains.
Investors from Wenzhou, known for their global bargain-hunting for distressed property assets, have been lured to Dubai by prices that look cheap by comparison with the rapidly rising Chinese property market.
A trip to the UK in the second half of the year may also be on the cards for the merchants of Wenzhou, famed as a city of millionaire entrepreneurs.
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