China’s growth has slowed from 9% to 7%, and the global slowdown threatens to sink that rate further. According to Deutsche Bank, China is poised for its worst deflation in a decade, driven by property price declines. What makes Shanghai attractive however, is the chance at getting discounted properties in a market that overheated in the last decade. Unless you believe China won’t be important by the time the global economy bounces back, it’s difficult to bet against a blue-chip locale like Shanghai, which will likely have a quicker recover cycle than secondary cities like Shenzhen.

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