Signs are emerging Chinese property investments offshore will maintain their torrid pace despite the recent market turmoil, as wealthy individuals and well-heeled companies seek to shelter their money abroad. In Australia, where China this year surpassed the US as the biggest source of foreign property investment, officials are worried wealthy Chinese investors will pour more money into an already overheated market.

At the dawn of the 1960s, Los Angeles lacked a true city skyline. A long-standing 13-storey height restriction, in force since 1904 and only recently repealed in 1956, had created a downtown whose only vertical accent was the 32-storey City Hall. And then a flurry of new high-rise construction in the 1960s, ’70s, and 80s transformed the skyline.

A Chinese real estate, infrastructure and agriculture conglomerate could become the biggest owner of farmland in Australia. Shanghai's PengXin Group is bidding for two huge companies that are being sold separately - Consolidated Pastoral Company and S. Kidman & Co.