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China bans government elites from holding overseas real estate assets

That's what Xi said. The Communist Party in China is banning its key members and their families from holding real estate assets abroad in a move it hopes will help insulate the government from potential sanctions by other countries. The Wall Street Journal is reporting a notice sent out by the party's Central Organization Authority “prohibits spouses and children of ministerial-level officials from holding - directly or indirectly - any real estate abroad or shares
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