Affluent Chinese see upscale safe haven in Seattle area

Seattle Luxury Living, a glossy magazine in Chinese, is targetting wealthy Chinese people who bought homes or those who plan to do so. When the magazine was just launched in January, China's stock market slumped, and new government control tightened over capital outflow from China. However, the magazine's publisher, John Spear, feels the Chinese people won't be stopped by it, but on the opposite will move in further. Besides the volatility and slowdown of Chinese economy and RMB devaluation, Seattle has its unique attraction in both financial return and the culture and environment. Eight percent capital that Chinese people spent on the US real estate market came to Washington state, second only to California in Q1 2015. Who are the Chinese buyers? And what is the ouflow barriers? Read more at The Seattle Times.