North Korea may have threatened to cancel an upcoming summit with President Trump, but Chinese property buyers have been putting their money on peace.
Dandong, a small Chinese city bordering North Korea, saw the biggest surge in prices for new properties last month, the highest among 70 cities surveyed in China, according to figures from China’s Bureau of Statistics. Average prices in the city jumped by 2%.
Since late April, Dandong’s property prices have skyrocketed, after North Korea extended an olive branch to South Korea and the United States.
Home buyers from across China have been flocking there to buy into the possibility of a peace dividend. North Korea has promised to work toward d
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May 16, 2018