By 2020, there will be 47 million super-rich people in the world, and newly minted millionaires and billionaires are springing up in China every day. And they fear their government could seize their assets one day, or they want greener pastures for themselves and their kids. That makes this Chinese real-estate invasion a unique combination of prosperity and not wanting to buy local. In 2013, one Chinese woman bought four $20 million units at Manhattan’s One57 for family members. Another, from Hong Kong, paid $6.5 million in 2013 for a two-bedroom in that building for her daughter so she’ll have somewhere to live when she gets into Columbia, Harvard or … Continue reading Diane Francis