Investors look at second-tier cities

Wuhan, Chongqing and Chengdu aren’t exactly names that roll off the tongue for foreign investors in China’s real estate. But these cities may offer more bang for the buck than their more famous coastal cousins or the capital city of Beijing. Helped partly by the government’s “Go West” policy and their less export-focused economies, Chinese cities in the country’s interior have posted higher per-capita income growth than Shanghai, Beijing, Guangzhou and Shenzhen in the past year. Along the coast, the port city of Tianjin is fast becoming the business center for northern China as authorities move to revitalize what was once the country’s industrial heartland. Dalian and Shenyang are other…

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