The influence of Chinese investment in U.S. residential real estate could witness a dramatic expansion thanks to a little-publicized change in U.S. visa issuance rules. Under a visa deal signed last week during President Obama’s visit to the APEC conference in Beijing, student and exchange visas for Chinese nationals coming across the Pacific were extended from one year to five years, while short-term business and tourist visas were extended from one year to 10 years.
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Visa Deal to Enable Increased Chinese Homeownership in U.S.
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