China's Love Affair with U.S. Real Estate Fades

U.S. real-estate sales to Chinese buyers fell for the first time since 2011. U.S. realtors say China's capital controls and currency depreciation are having an impact on potential buyers pulling the trigger. Bloomberg's Shery Ahn met with a young Chinese professional in New York to find out how the conditions are affecting her purchasing power. (Source: Bloomberg)

*SOME CHINESE BANKS SHORTEN TENOR OF LOANS TO DEVELOPERS: XINHUA

Banks including ICBC and Industrial Bank have shortened tenor of loans to real estate developers as a measure to cool down the property market, Xinhua reports, without citing anyone.