Here are some shock, horror articles about China buying up heaps of stuff. Should we be concerned? Well, looking at things from an IQ perspective, like the journal American Renaissance, since they have a slightly higher mean IQ than us (based upon a limited number of studies, never critically examined), and IQ is everything, then should we raise a pip? Or, just a pip slightly more than the mean, but certainly not a mean pip.
https://www.adelaidenow.com.au/subscribe/news/1/?sourceCode=AAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.adelaidenow.com.au%2Fbusiness%2Fsa-business-journal%2Fregent-arcade-in-adelaide-cbd-sold-to-chinese-investors%2Fnews-story%2F61997c03b5e9b748fd3f799c4b785b3b&memtype=anonymous&mode=premium
“One of the most recognisable and historic buildings in the Adelaide CBD has been sold to a group of Chinese investors for just under $50 million. Regent Arcade, which dates back to 1928, has been sold by the Ginos Group – which has redeveloped much of Leigh St and Peel St – to an Adelaide-based consortium understood to be called Lucky Dragon. Ginos Group head Zis Ginos, who bought the shopping arcade off Rundle Mall for about $20 million in 2006, confirmed the deal happened after he was approached by the buyers to see if he might consider a sale. “I don’t know much about them. We thought it was appropriate to sell (but) we did think we would develop the site,” he said.”