Naked Capitalism has the article How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide.
At first, the inflow of Chinese investor money was great and awesome. But then it turned the local markets into full-blown housing bubbles that began threatening local economies. So various levels of governments in Canada, Australia, New Zealand, and elsewhere – but notably not yet in the US – have created policies to tamp down on this incoming flood of money that distorts the market.
If you want to understand the possible inflationary effects of the Federal Reserve Bank pushing liquidity into the economy that has no use for it, this may be one indication (besides the stock market bubble.)
This may not end well for the Chinese investors, however. I think back to the 1989 to 1995 commercial real estate bubble caused by Japanese investors. The denouement was described in The New York Times article Japanese scrap $2 billion stake in Rockefeller.
Mitsubishi’s sudden decision to exit Rockefeller Center is the most striking in a string of recent retreats from the trophy properties stretching from New York to Honolulu that Japanese companies acquired during a real estate binge in the 1980’s.